AN ICONIC 300-year-old tree which was torn down during the construction of the M11 Link Road could be preserved for future generations at a day centre in Wanstead High Street - if new plans get the go-ahead.

Conservationists launched a campaign to save it after fears were raised that the remains of the historic sweet chestnut, which have been lying on George Green since 1993, could be lost forever after its trunk caved in over Christmas.

The Guardian has learned that the architects renovating the Corner House - an historic day centre for the eldery which is due to re-open in the coming weeks - are in discussions with Redbridge Council over turning part of the tree into a sculpture or bench in its grounds, along with a plaque commemorating the struggle against the road.

Environmentalist Dr Richard Cooper said there are a number of obstacles to overcome before the plan is accepted, such as funding and legal issues regarding the tree, but said it was good news nonetheless.

He added: "It means a heck of a lot to many, many people in Wanstead, and elsewhere.

"Only last week I saw a few kids playing on it and it seemed to let out a groan. It is beginning to deteroriate and it does need preserving.

"We’ve just got to keep our twigs crossed and touch wood it can happen."

Meanwhile, rumours are circulating that the Museum of London is also interested in preserving and displaying part of the tree, raising concerns that pieces of it could end up at various locations.

However the museum was unable to confirm or deny the claims at the time of going to press.

But Snaresbrook ward Cllr Sue Nolan - who has supported the tree’s move to the Corner House - said she was not worried by the prospect of different organisations competing for the tree.

She said: "There’s plenty of it to spread around.

"I think it’s a nice idea to keep it in the community. The Corner House is an iconic building and so would suit it very well but we could also have a piece of it at the Redbridge Museum or some other venue."

Marian Temple, who helps maintain the garden at the Corner House, said: "I don’t see anything wrong with leaving it to rot like nature intended but I quite like the idea of using some of the wood for a sculpture, as it has such a beautiful texture.

"It would be nice to have a local wood carver if possible."

A council spokesman did not comment on the Corner House claims, but said various options are currently being considered but that no quick resolution was in sight.

He added: "The council is currently contacting various organisations about the preservation and display of the George Green Chestnut Tree remains and initial responses have been encouraging.

"Once individual organisations have been advised on the possible types of display and the associated costs, Area Committee 1 (Wanstead and Snaresbrook wards) will be consulted.

"Due to the number of parties involved, we don't expect a quick resolution of the process.

"As part of the process, timescales for the project will be established."