020 7538 0102
21st November 2014
Newham Council is expected to approve an 800-apartment development next to a sewage treatment works to the east of the Royal Docks. Planning officers have already recommended that the local authority’s strategic development committee greenlights the Gallions Quarter project, despite concerns over its proximity to the sewage works and the Docklands Light Railway. Notting Hill Housing Trust says the first phase of the 3.4 hectare development will consist of three buildings between five and 12 storeys high, with more to come at a later date. Around 40% of the scheme has been earmarked for affordable housing. It is anticipated that the project will take around seven years to complete.
The Wharf (14/11/14)
21st November 2014
Tameric Investments has unveiled plans for a 490-home development at Glengall Quay on the Isle of Dogs. The focal point will be a 45-storey tower in the centre of the development, with two 15-storey buildings close by, looking onto Millharbour. A community space will include meeting, educational, and healthcare facilities, serving the nearby one and two-bed apartments, a number of which will be set aside as affordable housing. A formal application to Tower Hamlets Borough Council will be submitted next month.
The Wharf (19/11/14)
21st November 2014
The Council of Mortgage Lenders says that mortgage lending rose 8% year-on-year in October to £19bn, the highest level recorded in the month since 2007 and up 5% on September’s £18bn total. July registered the only stronger performance, at £19.8bn.
The Daily Telegraph (21/11/14)
21st November 2014
Labour MPs in London are urging Ed Miliband to revise his plan for a mansion tax fearing the proposal will cost the party votes at next May’s general election. The MPs instead want Labour to bring in new council tax bands for the most expensive properties. The party’s criticism of the measures came in the same week as Mr Miliband’s run-in with Myleene Klass on a TV show, where she said the tax would hurt “grannies” while having no effect on the “super-super rich”.
The Times (20/11/14)
21st November 2014
The Evening Standard reports that five new residential apartment blocks planned for London have been given the green light despite growing concern about the impact of the skyscraper epidemic on the capital's skyline. Around 2,000 homes will be created in the towers, with four planned for Canary Wharf – including the South Quay and Arrowhead Quay projects – and one in Vauxhall.
Evening Standard (19/11/14)
21st November 2014
Hometrack has revealed that the prices of homes in 20 of the UK’s largest cities have risen by at least 5% for the first time in a decade. Prices in London rose 17.3%, according to the analyst, while those in Glasgow and Liverpool grew 5.5%. The report predicts that, by the end of the year, prices in some of the UK’s larger cities could be rising at a rate faster than in the capital.
The Times (21/11/14)