020 7538 0102
24th October 2014
Galliard Homes is reportedly under offer to buy a 1.7 acre site at 2 Millharbour on the Isle of Dogs, close to South Quay DLR station. Valued at around £65m the site, currently owned by Docklands Centre, has the potential for almost 1,000 homes. Planning permission for seven residential buildings ranging in height from eight to 50 storeys was submitted to Tower Hamlets Council in May. Galliard already owns 3 Millharbour, and 6-8 South Quay Square.
Property Week (24/10/14)
24th October 2014
Prime Place Developments has released the second phase of its £250m Aberfeldy Village regeneration scheme in Canning Town. A joint venture between Prime Place and housing association Poplar HARCA, it will add 1,176 new homes over the next two years. The development includes a central avenue of retail facilities, a multi-use community centre, healthcare facilities and landscaped open green areas, and is just minutes away from Canning Town station for direct links to Canary Wharf. Prices start at £274,995 for a one-bedroom suite.
The Wharf (18/10/14)
24th October 2014
Thanks to the backing of Boris Johnson, Hong Kong property developer Knight Dragon is to build 10,000 new homes on the Greenwich Peninsula, to be served by 150 new shops and restaurants, 48 acres of open space, and 1.6 miles of river frontage. The first phase went on sale last month – 200 units, ranging from studio flats priced at £250,000 to £1.7m for a three-bedroom waterfront penthouse with two balconies and a winter garden.
Financial Times (17/10/14)
24th October 2014
Boris Johnson has admitted that London’s target to build 55,000 affordable homes by March 2015 may not be achieved. When questioned at the London Assembly on whether the deadline for 55,000 affordable homes was the end of March 2015 or December 2015, he said: “As far as I can remember its 2015… I don't know. Whenever we've done them… If it slips by a few hundred in March then we’ll look at it.”
Evening Standard (23/10/2014)
24th October 2014
Hometrack has found that the average house price in 20 UK cities has climbed £15,300 over the past 12 months. The cities registering the most significant price growth were London at 18.1%, Cambridge at 17.9% and Bristol at 14.1%.
The Independent (24/10/2014)
24th October 2014
According to a new report published earlier this week, more than 1m young people have been kept off the housing ladder over the last decade due to declining social mobility. Mobility tsar Alan Milburn said that young peoples’ dependence on their parents’ money to buy a home is “threatening to break the link between effort and reward that is core to social mobility”. The report points out that the rate of home ownership among 25-year-olds has halved over 20 years, from 45% for those born in the mid-1960s to 21% for those born in the mid-1980s.
The Sunday Times (19/10/2014)