020 7538 0102
10th June 2016
Property developer ABP is reportedly in talks with Brookfield Multiplex regarding the delivery of the first phase of the £1.7bn Royal Albert Dock development close to London City Airport. The 4.7m sq ft project is primarily offices, but also includes provision for residential, retail, and public space. The £240m first phase is due to be complete in 2018, just in time for the opening of Crossrail.
Construction Enquirer (08/06/2016)
10th June 2016
The £3.5bn, 62-acre Silvertown Quays development in the Royal Docks has been shortlisted in the future economic growth category at the 2016 Planning and Placemaking Awards, in recognition of its anticipated economic benefits and contribution to the community. The development, the first phase of which should be complete in 2018, is set to create 21,000 jobs and 3,000 new homes. The awards ceremony will be held on June 23rd.
The Wharf (08/06/2016)
10th June 2016
London Mayor Sadiq Khan has told the Standard that he cannot solve the capital’s housing crisis overnight, adding that in the short term the city will be delivering homes that predecessor Boris Johnson gave permission for – “and they are not affordable.” Mr Khan says he wants to create diversity of homes in the capital with “first dibs for Londoners,” adding that this will include “a role for council homes, a role for a new type of rental property called a London living rent [in new builds where the rent will be capped at a third of the average local earnings] and a role for shared ownership”.
Evening Standard (08/06/2016)
10th June 2016
Research from JLL shows it is possible to buy a home in London’s Zone 1 for less than £600,000, and in Zone 3 for under £215,000. Nick Whitten, residential research associate director at JLL, said the capital’s affordability issues are “well documented,” but suggests “the good news is that there are still relatively affordable one-bedroom flats on the market."
Evening Standard (09/06/2016)
10th June 2016
The Standard highlights a London Tube map compiled by Totallymoney.com which details the average cost of homes, per square foot, within half a kilometre of every Tube stop. At Canary Wharf, the average cost is £658; one stop to the west on the Jubilee Line, the price drops to £625, while two stops to the east, at Canning Town, it drops even more significantly, to £435. Joe Gardiner from Totallymoney.com says: “Across London we see smaller properties, such as flats, offering the worst value for money with an average price per square foot of £913. This is 22% more than the average semi-detached home”.
Evening Standard (09/06/2016) Totally Money
3rd June 2016
Just six minutes from Canary Wharf and 16 minutes from Bank, Bow currently offers a number of attractive new developments for property hunters, such as the St Paul’s Square project. Countryside has just put a new phase of homes on the market, a mixture of one- to four-bedroom apartments offering fitted kitchens, bathrooms and en suites, with balconies and terraces overlooking communal landscaped gardens. Close to Mile End tube station and Devons Road DLR, the Queen Elizabeth Olympic Park and Westfield shopping centre at Stratford are also within easy reach. One-bedroom apartments start at £420,000, with two-beds from £475,000. Elsewhere, M&G Real Estate and Telford Homes are working on a £69.3m development near Langdon Park DLR, comprising 150 new homes spread across two five-storey buildings and one 22-storey tower. The homes are primarily aimed at the rental market, and should be complete by September 2019.
The Wharf (02/06/2016) City AM (31/05/2016)