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1st May 2015
The Times’ Anne Ashworth explains how Labour’s mansion tax could trickle down and hurt the wider housing market. She says that downward valuations on homes that are currently worth more than £2m will drive down the amount people will pay for homes in the tiers below £2m, thus having a knock-on effect on properties worth substantially less than £1m, or even £500,000.
1st May 2015
The Evening Standard investigates the impact of the launching of a 24-hour weekend tube service. Among the effects it predicts that end-of-the-line locations such as Edgware and Morden, Walthamstow and West Ruislip could experience the biggest property impact as these places will no longer be cut-off after midnight. They may also cease to be cultural blackspots as cafés, bars and music venues may improve on the back of the Night Tube.
Evening Standard
24th April 2015
Newham Council has approved plans for a £3.5bn development at the Royal Docks site, in Silvertown, East London. The scheme will provide offices, leisure and retail facilities and 3,000 homes including affordable housing. It is also hoped the development will create 20,700 jobs over the next 10 years. When the first phase of the scheme is completed in 2018, the 450,000 sq ft Millennium Mills will become home to technology, media and telecoms businesses. At that stage, it will also have a Crossrail station. Sir Robin Wales, the mayor of Newham, said: “This multibillion-pound transformation is a fantastic opportunity to reinvigorate the Royal Docks area, giving it a new lease of life benefiting Newham and the capital as a whole.”
Property Week (22/04/15)
24th April 2015
Brookfield and Qatar Investment Authority have formally completed the £2.6bn takeover of Canary Wharf. Ric Clark, the chief executive of Brookfield, said: "Canary Wharf remains one of the most treasured property estates in the world. We look forward to working with Qatar Investment Authority and the Canary Wharf Group management team to advance the substantial development pipeline, and to realise the full potential of the site for our tenants, stakeholders and the people of London." Sheikh Abdullah bin Mohammed al-Thani, the chief executive of QIA, said the new owners would pursue "further expansion through the creation of a sustainable, mixed development comprising offices, homes as well as retail and leisure space".
Evening Standard (20/04/15)
24th April 2015
Telford Homes has launched 120 units at Manhattan Plaza in Poplar, a tower inspired by New York’s now-trendy Meatpacking district and standing opposite the towers of Canary Wharf. Designed by architect Barton Whillmore, the one, two and three-bedroom apartments offer fitted, spacious bathrooms and kitchens, unbeatable views of the capital, with residents benefitting from a concierge service, private gym, and roof-top gardens; just three minutes’ walk from Blackwall DLR station, accessibility to the centre of town will be boosted in 2018 with the arrival of Crossrail in E14. Prices start from £450,000 for a one-bedroom apartment. Completions are expected in late 2017.
The Wharf (19/04/15)
24th April 2015
More than 120,000 homeowners would be forced to have their properties revalued at a cost of up to £4,800 each under Labour’s mansion tax plans, according toa new survey. HMRC will also have to pay the £65m cost of disputing any valuations.
The Daily Telegraph (20/04/15)