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The Silvertown peninsula, with the Thames on one side and the Royal Docks on the other, currently offers some of the more affordable residential properties in the areas adjacent to Canary Wharf, with two-bedroom flats available for a little over £200,000. New neighbourhoods are planned for the area as it undergoes a £6.5bn transformation, including Thameside West, which will bring 5,000 new homes, along with shops, restaurants, bars, parks and schools. Shared ownership homes at The Refinery, close to West Silvertown DLR station, start at £120,750 for a 35% share of a one-bedroom flat, rising to £183,750 for a three-bed apartment.
Evening Standard (01/04/2019)
Tower Hamlets Council has approved developer Strong Drive’s plans to build almost 600 new homes on the Isle of Dogs. The Skylines Village project in Blackwall and Cubitt Town consists of five buildings ranging from three to 48 storeys in height, with 579 homes, a two-form entry primary school with nursery facilities, commercial space, car park and landscaped open space. Thirty-five per cent of the housing has been earmarked as affordable.
East London Advertiser (01/04/2019)
Grainger has been selected as Transport for London’s preferred partner to build and manage more than 3,000 homes for rent across the city. The partnership is expected to provide homes over eight sites next to stations, including at the Limmo Peninsula in Canning Town, where there is said to be potential for up to 1,500 homes. A minimum of 40% of the homes will be affordable, with the remainder mostly for the private rental market. The FTSE 250 landlord fought off competition from Argent Related, a regeneration specialist, and Greystar, an American rental housing developer.
Construction Enquirer (01/04/2019)
House prices are lower in England compared with a year ago - the first annual fall in property values since 2012, according to the Nationwide. In the first three months of the year, prices in England were down 0.7% from the same period in 2018. The average house price rose to £213,102 in March from £211,304 in February. London remained the weakest performing region, with prices 3.8% lower than the same period in the previous year. It represents the seventh consecutive quarter in which prices have declined in the capital.
The Times (29/03/2019)
The UK construction sector contracted again in March, according to IHS Markit and the Chartered Institute of Purchasing and Supply (CIPS) construction purchasing managers’ index, which stood at 49.7 for the month - down from 49.5 in February and the first consecutive fall in output since August 2016. Housebuilding continued to record moderate growth but civil engineering fell and commercial projects dropped off at the fastest rate since September 2017.
Financial Times (02/04/2019)
A new show apartment has been unveiled at Royal Docks West, a development of 79 apartments at the Royal Victoria Dock, part of a hub that includes the ExCel exhibition centre, and a number of restaurants and bars. It also includes floating hotels, watersport facilities and, during the summer months, an urban beach. Two-bedroom flats at the Mount Anvil-developed project – which come with full-height glazing and a double-aspect corner terrace start at £685,000.
Evening Standard (25/03/2019)