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18th March 2016
London mayor Boris Johnson has stepped in to rule on a planning application for the Alpha Square scheme, a £500m residential project near Canary Wharf. Tower Hamlets Council rejected the application but Mr Johnson, who can take control of planning decisions where he feels the council is not taking a decision that is in the interest of London, has highlighted the borough’s failure to meet its housing target among reasons for the review.
The Daily Telegraph (17/03/2016)
18th March 2016
Hundreds of new homes in Canning Town in east London are set to be built on an industrial wasteland the size of six football pitches. The GLA has asked developer Ballymore for reassurance that it will improve the site’s connectivity to the Underground and DLR stations. The site is on the Leamouth Peninsula, close to the River Lea’s junction with the Thames. Just over 800 flats and townhouses are planned in total, plus numerous retail and office buildings. Architects Allies & Morrison say that: “Leamouth may seem like a remote area today but it is on the cusp of dramatic change”.
Evening Standard (13/03/2016)
18th March 2016
Berkeley Homes and the Greater London Authority are planning to regenerate the former Parcelforce depot in Stephenson Street, Newham, between Canary Wharf and the Olympic Park, creating over 3,500 new homes for ownership and rental. A piazza linking the site to West Ham station will be included in the scheme, as well as two pedestrian bridges connecting it to surrounding neighbourhoods. Berkeley will submit a planning application to Newham Council later this year; it is hoped that work will begin in Spring 2017, with the first homes completed in early 2019.
Newham Recorder (15/03/016)
18th March 2016
New figures from the Council of Mortgage Lenders show that lending to homebuyers reached £17.6bn in February, a 5% decline on January's £18.5bn but an increase of 29% on the £13.6bn recorded a year ago. The CML figures show the highest lending total for a February since 2008 when gross lending reached £24.1bn.
The Times (18/03/2016)
11th March 2016
The latest phase of Ballymore and Oxley’s Royal Wharf project has gone on sale. Mariner’s Quarter is located in the Royal Docks estate close to Canary Wharf, part of a 1,000-acre development that includes 22.93km of river, dock and canal frontage. The first two phases of Royal Wharf, which will eventually deliver 3,400 new homes along with schools, shops, offices and restaurants, sold out quickly, and demand is certain to be high for the latest group of first-time buyer apartments and family homes.
The Wharf (07/03/2016)
11th March 2016
Details of a £1.3bn scheme to transform the south end of Queen Elizabeth Olympic Park into a cultural quarter have been revealed. The project also includes a 75,000 sq m residential development, and will be funded by the government, London Legacy Development Corporation and the private sector.
The Times (10/03/2016)