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13th March 2015
The Evening Standard's David Spittles explores the property market in London's travel Zone 3, where addresses are 41% cheaper on average than Zone 2 and districts are benefiting from new transport links, high street makeovers and business hubs. London’s population is rising fastest in this zone, with waves of buyers looking for properties in the £250,000 to £750,000 price bracket, which accounts for the bulk of demand in the capital. Leyton in the east is particularly tipped for big changes.
Evening Standard, Homes and Property (13/03/15)
6th March 2015
Residential property features in new Canary Wharf owners’ plans
Ric Clark, chief executive of Brookfield Property Partners – part of the Qatari-led bid that recently won the battle to take over London's Canary Wharf complex for £2.6bn – has revealed it plans to build 474,000sq m of offices, shops and residential space on the area’s 12ha of vacant land over the next six to ten years. Proposals already exist to build 3,610 new homes on its Wood Wharf site.
City AM (04/03/15)
6th March 2015
British Land has acquired the Surrey Quays leisure park in Rotherhithe for £135m, giving it a combined 50-acre development in southeast London. Architect Allies & Morrison is now working on a masterplan for the Canada Water site, which will include hundreds of homes, offices and shops across a 7m sq ft area.
Evening Standard (02/03/15)
6th March 2015
Developer Knight Dragon has announced plans to build 10,000 new homes on the Greenwich Peninsula, with five new districts set over 160 acres. The latest phase of the project went on sale recently, in two towers in the Lower Riverside district – the ten-storey Fulmar and the 30-storey Waterman. The latter was designed by Pilbrow & Partners, the brains behind new City landmark the Pinnacle, and boasts dual aspect views right on the river, along with a wood-panelled residents’ club. Prices start at £300,000 for a studio at the Fulmar, while a one bedroom at the Waterman starts from £387,500.
City AM (27/02/15)
6th March 2015
Plans to turn West Ham's football ground into more than 800 homes have been attacked for failing to include any social housing. The ground was sold to Galliard Homes which plans to replace it with 838 homes in blocks up to 15 storeys high. Just 51 units, some 6%, will be affordable, to be sold at a reduced price under a shared ownership scheme, but there is no mention of social housing in the firm’s application. Sir Robin Wales, the Labour mayor of Newham, said: "The developers need to drastically rethink this ridiculous offer."
Evening Standard (04/03/15)
6th March 2015
UK house prices fell 0.3% in February leaving the average house price at £192,372, according to the Halifax. The fall, the first since October, followed a rise of 1.9% in January. However, despite the monthly decline, on a quarterly basis the pace of property price growth is picking up. Prices in the three months to February were 2.6% higher than in the preceding three months.
Financial Times (06/03/15)