020 7538 0102
26th February 2016
A new 67-storey, 861-unit residential tower which will overlook West India Quay on the Isle of Dogs will be Western Europe's tallest residential tower. Hertsmere House, the 240.5m high, HOK-designed skyscraper has been dubbed the Flower Tower because of its unusual “three-petal” footprint. Residents will benefit from winter gardens, landscaped roof terraces, and external and internal children’s play areas, as well as shops and cafes and communal amenity pavilions. The tower, due to be completed by 2020, will also include 96 homes to be rented or sold to low- and medium-income local residents, with Tower Hamlets Council to receive £19m to go towards providing affordable housing in the borough as part of the deal.
Property Week (19/02/2016)
26th February 2016
elford Homes launched a new 26-storey residential development on the Isle of Dogs yesterday (Thursday 25th February). The Liberty Building, based at Limeharbour, offers a choice of one, two and three-bedroom apartments, each with either balcony or terrace space, topped off with a duplex penthouse across the top two floors of the tower. The project is due to be finished by Spring 2019. One-bedroom apartments are being priced from £495,000.
The Wharf (22/02/2016)
26th February 2016
A portfolio of 104 affordable homes located on the first 15 floors of a new 53-storey tower under development near Canary Wharf has been acquired by Network Housing Group. Fifty-eight units will be available for affordable rent, with another forty-six earmarked for shared ownership. The Madison Developments scheme, being overseen by LBS Properties, is expected to be complete by the summer of 2019.
Property Week (23/02/2016)
26th February 2016
In the fourth quarter of last year a record 18% of homes bought by first-time buyers in London were in the £500,000-plus bracket, according to the Council for Mortgage Lenders' latest data. For 2015 as a whole there were 7,000 first-time buyers in this category, 15% of the total. This compares with 12% in 2014 and just 3% a decade ago. The CML figures also reveal that for the first time, no debut buyers in London took out mortgages on homes valued at less than £125,000. The median mortgage advance to a first-time buyer in the fourth quarter of last year was also a record at £242,920. The typical deposit was 25%, or £80,973.
Evening Standard (24/02/2016)
26th February 2016
According to research from the National Housing Federation, Londoners would need a pay rise of 266% to be able to buy a home in the capital. Highlighting how property prices in the capital have spiralled, the report found over half of London boroughs require an average income of more than £100,000 in order to buy a home. David Orr, chief executive of the National Housing Federation, said: “A secure and affordable home should be available to everyone. Living in London doesn't have to mean living in cramped, overpriced, insecure accommodation.”
Daily Mail (24/02/2016)
19th February 2016
EcoWorld Ballymore has released a series of suites, one- and two- bedroom apartments at London City Island. The development features 1,700 homes on a 12-acre site on the Leamouth Peninisula, connected to Canning Town Station by its own bridge, spread across 10 apartment buildings. The site includes its own grocer, gym, restaurants, shops, creative hubs and al fresco spaces; the apartments themselves have been designed to a “warehouse aesthetic”, with open living spaces and loft-style features. One-bedroom suites are available from £342,500, with one- and two-bed flats starting from £430,000 and £600,000 respectively.
The Wharf (12/02/2016)