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20th March 2015
George Osborne has outlined plans to help meet a target of 400,000 new homes in London by 2025. A series of measures, including cutting red tape on planning decisions, identifying underused land in London and £100m of funding for the capital, have been set out in an attempt to ease the chronic shortage of homes. Around £1m in funding will be provided to set up a London Land Commission, to create a database of land that could be used for development, with £97m to be provided to support the regeneration of Brent Cross.
Evening Standard (18/03/2015), Page: 1, 2-3
20th March 2015
Sir Stuart Lipton, the developer behind Millennium Mills and the surrounding area of Silvertown Quays in east London, which has stood empty for four decades, is expected to receive planning permission to transform it into an area for businesses and 3,000 homes after several failed attempts to revive the derelict part of the Royal Docks.
The Times, (17/03/2015) Page: 40
20th March 2015
Investors are increasingly looking to acquire property in Limehouse and Wapping, Wharf reports. Agents note that homes in Limehouse, unlike those in Canary Wharf, make profit through capital growth rather than month-by-month yield, making them ideal for those in it for the long haul, such as workers planning to build up a property portfolio to fund their retirement. A decent one-bed home in the area goes for around £450,000 and rents at £350-£400 a week.
The Wharf (17/03/15)
20th March 2015
Conservationists and residents of the Isle of Dogs have raised concerns over plans to build a Tesco Express and offices inside The Forge, a mid-19th century warehouse on Westferry Road. A petition that has gathered 815 signatures argues a number of points, including that there are too many Tesco stores on the Island already. The Greater London Industrial Archaeology Society, on the other hand, called the plans “awkward” and unappealing to the eye.
The Wharf (17/03/15)
13th March 2015
London Mayor Boris Johnson has put out feelers for a development partner for the 10 hectare former Parcelforce depot at Stephenson Street in Newham – with the aim of delivering 2,000 new homes, two-thirds of which will be placed on the market, with the remainder reserved for long-term private rent. Mr Johnson said "With London now home to more people than ever before, housing supply and affordability is our biggest challenge. By seeking a development partner for the Stephenson Street site we hope to entice investors and developers to come forward and build quality homes for Londoners”.
Construction Enquirer (11/03/15)
13th March 2015
Hyde New Homes has today (March 13th) launched 24 shared ownership apartments in the Cannons Corner development in Woolwich. The one-and two-bedroom apartments are less than half a mile from Woolwich Dockyard Railway Station, offering excellent access to the City; when Crossrail arrives in 2018, up to 12 services an hour will provide an unbroken service to Canary Wharf and beyond. The apartments feature fully fitted kitchens with high gloss units, integrated ceramic hobs, extractor fans and single ovens from the Zanussi range, as well as ceramic floor tiles. One-beds start from £84,000 for a 40% share, while two-beds start from £107,200.
The Wharf (10/03/15)