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29th April 2016
Mayor Boris Johnson’s office has given the green light to two major new residential schemes on the Isle of Dogs. On Wednesday April 27th, Deputy Mayor Sir Edward Lister first approved London & Regional’s £500m proposals to redevelop Westferry Printworks, on the edge of the Millwall Outer Dock. Richard Desmond’s Northern & Shell plans to build 722 flats in nine blocks, four of which will be up to 30 storeys high, along with a secondary school and an array of office facilities. Later in the day, Sir Edward handed planning permission to Far East Consortium for its Alpha Square project at 50 Marsh Wall. Also mooted to cost £500m, a 65-storey, 217m skyscraper will anchor two shorter towers of 20 and 34 storeys, with a combined 634 homes and a 20-floor hotel of 231 rooms.
Construction Enquirer (28/04/2016) Property Week (27/04/2016)
29th April 2016
Those who work in the financial district on the Isle of Dogs but wish to put a little more space between home and office could do worse than turn their gaze just a short distance Northeast to Newham. Well connected to Canary Wharf via public transport, prices are nevertheless £200-£300 less per sq ft than on the peninsula itself. Offering easy access to the Queen Elizabeth Olympic Park, Westfield Stratford City, and host to green spaces such as Thames Barrier Park, one-bedroom flats can be picked up for as little as £300,000.
The Wharf (27/04/2016)
29th April 2016
Research by Savills shows house price growth now stands at an annual 3..4% for homes in central London costing £500,000 to £1m, down from more than 15% in early 2014.
Financial Times (27/04/2016)
29th April 2016
London mayoral hopeful Sadiq Khan wants to create a new Homes for Londoners agency that would bring together housing experts to speed up the delivery of affordable homes to rent and buy at every development stage. It would be tasked with freeing up and packaging public land on which to build the 50,000 new homes a year that London needs, finding new sources of finance, and ensuring building takes place as quickly as possible.
Evening Standard (27/04/2016)
22nd April 2016
The number of London neighbourhoods where average house prices top £750,000 has overtaken those where they are below £300,000 for the first time, according to analysis from Savills. The new figures, devised using Land Registry data, show that just one in six (103) of London’s 628 electoral wards now have prices under the £300,000 threshold.
Evening Standard (15/04/2016)
22nd April 2016
David and Simon Reuben have been given planning permission by Westminster Council to redevelop London's Millbank Tower. The grade II listed, 118-metre skyscraper overlooking the Thames is to be converted into luxury flats. Motcomb Estates, the property division of the Reuben Brothers' empire, bought the 350,000 sq ft Millbank Tower from Tishman Speyer for £115m in 2002.