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9th December 2016
Developer Cubitt Property Holdings and Make, Ken Shuttleworth’s architectural practice, have submitted new plans to Tower Hamlets Council for a residential tower at 225 Marsh Wall, on the Isle of Dogs. A prior application was recommended for refusal, on the grounds that it sought to “maximise, not optimise the development potential of the site”; the new proposal lops eight storeys off the tower, for a 48-storey structure to include 336 flats, 810 sq m of community floorspace, and 79 sq m of restaurant or retail space. The new scheme is expected to go to committee in March 2017.
Architects’ Journal (05/12/2016)
A former Victorian workhouse infirmary on the Mile End Road is being redeveloped into a walled estate of 252 homes, split between properties for private buyers, shared-ownership, and rental. The St Clements development backs on to Tower Hamlets Cemetery Park Nature Reserve, and is just a few minutes’ walk away from the Central Line Tube station. Newly-built apartments on the grounds start at £440,000.
Evening Standard (30/11/2016)
9th December 2016
Zooplahas examined the impact on house prices in so-called "hipster hotspots” which attract young, creative upwardly-mobile people. Researchers found that six of the top ten UK hipster hotspots are in London, including Shoreditch, Stratford and Stoke Newington. Dalston in East London was identified as the top hipster hotspot, with property prices there having typically increased by nearly 60% over the past five years, now averaging £633,593.
The Daily Telegraph (05/12/2016)
9th December 2016
Annual property price growth has risen for the first time in eight months despite a recent survey indicating a dip in consumer confidence, according to the latest Halifaxindex. Home values were up 6% on a yearly basis in November and on a monthly basis prices edged up 0.2%. The average property value last month was £218,002, according to the index.
Financial Times (07/12/2016)
2nd December 2016
Just one month after going on sale, over a third of the apartments at Spire London, at West India Quay, have already been reserved. The £800m, 67-storey tower will be the tallest residential structure in western Europe on completion in 2020, at 771 ft - level with One Canada Square, and just 245ft shorter than The Shard, up the river at London Bridge. Housing 861 apartments, the Greenland-developed Spire not only offers such extravagances as a concierge, infinity pool, and cocktail bar, but has also been “future-proofed”, ready to integrate new technologies as they emerge. Remaining apartments are available from £740,000.
Evening Standard (01/12/2016)
2nd December 2016
The Greater London Authority will spend £3.15bn to build 90,000 affordable homes by 2020/21. About 60,000 will be a mix of London Living Rent schemes - with rent set at one-third of average local household income - and shared ownership. A further 29,000 will be for councils' Affordable Rent housing, with a benchmark of £153 per week for a two-bed home. Grants up to £60,000 per council house will be offered to non-profit housing associations - with £28,000 grants available for affordable homes. The Standard notes that London Mayor Sadiq Khan has hit back at a claim that he “ratted” on an election pledge to make 50% of new homes in London genuinely affordable – an accusation presented by the London Assembly's Conservative housing spokesman Andrew Boff.
Financial Times (29/11/2016) Evening Standard (29/11/2016)