The wharf was purchased for over £3m by the PLA and will be let out on a long-term lease to the independent construction and building materials company Brett Group to develop an integrated terminal on the site.
The Peruvian Wharf has been protected since 1997 by the mayor of London’s policy to safeguard wharves for cargo handling.
Robin Mortimer, the PLA chief executive, said: “We’ve fought long and hard to get Peruvian Wharf back into use.
“It’s ideally placed to service east London’s growth, underlining the importance of retaining strategically located sites for cargo handling.
“The river will play a key role in servicing the construction of at least 260,000 new homes and communities, offering 360,000 jobs.”
Deputy mayor for transport Val Shawcross welcomed the news.
“Over 2 million tonnes of cargo are moved between wharves on the Thames each year.
“This keeps more than 150,000 lorry trips off London’s roads, reducing congestion and pollution.
“We look forward to seeing Peruvian Wharf back in use and serving construction projects in east London as soon as possible.”
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