020 7538 0102
3rd July 2015
Private rented sector specialist Fizzy has agreed to purchase 348 units on Canning Town’s Silvertown Way regeneration project from Galliford Try and Opal Land, for £135m. The apartments are due to be complete by the second half of 2019. When complete, the Silvertown Way project will host 1,100 homes across 11 blocks, and will include a hotel, gym, shops, offices and restaurants.
Property Week (30/06/2015)
3rd July 2015
British buyers are to be offered first refusal on new apartments being launched in Canary Wharf. The first residential offering from Canary Wharf Group, which has previously specialised in commercial property, goes on sale on Thursday July 9th. Unlike the Battersea Power Station development, where the majority of 866 luxury apartments sold out within days to Singaporean investors, the new offering in Canary Wharf will not be advertised overseas. The development is made up of 74 studios, 115 one-bedroom apartments, 141 two-bedroom apartments and 15 three-bedroom apartments and anticipated to complete in 2019.
Daily Mail (30/06/2015)
3rd July 2015
London mayoral hopeful Dame Tessa Jowell has said landlord licensing could see rogue examples prosecuted for letting out poor quality homes. She cited the example set by the borough of Newham whose mandatory licensing scheme has attributed to 62% of prosecutions under the 2004 Housing Act despite having fewer than 5% of the capital’s privately-rented households.
Evening Standard (02/07/2015)
3rd July 2015
The annual rate of house price growth fell to a two-year low last month, the Nationwide Building Society has said. Annual house price inflation fell to 3.3% in June from 4.6% the month before, it said. Between May and June prices across the UK fell by 0.2%, taking the average cost of a UK property to £195,055. Robert Gardner, Nationwide's chief economist, said: "House price growth continues to outpace earnings, but the gap is closing, helped by a pick-up in annual wage growth, which moved up to 2.7% in the three months to April from 1.9% at the start of the year. The slowdown in house price growth is not confined to, nor does it appear to be driven primarily by, developments in London”. The average price in the capital rose by 7.3%, to £429,711.
The Daily Telegraph (02/07/2015)
26th June 2015
Plans for a new high-rise residential scheme in Canary Wharf have just been unveiled. The £550m Harbour Central offers 901 apartments spread across five mixed-use towers, the tallest of which, Maine Tower, rises 41-storeys high. Almost 280 of the homes in the development, a joint venture between Galliard Homes, Cain Hoy, and Frogmore, have been earmarked for affordable rent or shared ownership. Harbour Central was designed by architects Rolfe Judd, while the towers’ interior design was drawn up by Argent Design. The first 297 homes in the scheme, set for completion by 2018-2019, went on sale on June 25th; its launch event runs until June 28th. Studio apartments average 370sq ft with prices starting at £350,000.
The Wharf (24/06/2015) Building Magazine (24/06/2015)
26th June 2015
The sale of 345 apartments at the 10 Park Drive development in Docklands marks a landmark in the transformation of Canary Wharf from an "office-only" business zone into a new town with thousands of residents. The first residential tower at the financial hub, designed by Stanton Williams and Make, comes almost a quarter of a century after the first office blocks were built in the area. As well as 74 studios at £395,000, there will be 115 one-bedroom apartments with prices starting from £495,000, 141 two-bedroom apartments from £795,000 and 15 three-bedroom apartments from £1.295m.Residents will automatically be given membership to an on-site health and fitness club which includes a swimming pool and a state-of-the-art gym. Construction on the project begins later this year, with the first phase set to complete in 2019.
The Wharf (24/06/2015) Evening Standard (23/06/2015)