020 7538 0102
28th November 2014
A Malaysian property investment group has emerged as a potential partner for a £2bn London residential joint venture with Ballymore. Eco World Development Group is understood to be the frontrunner to team up with Irish developer Ballymore on developments that will deliver 3,000 homes as well as 250,000 sq ft of commercial space. The deal would see Eco World funding projects and Ballymore retained as development manager. The schemes would be at Arrowhead Quay in Canary Wharf, phase two of London City Island on the Leamouth Peninsula, and phase two of Embassy Gardens in Nine Elms, SW8.
Estates Gazette (24/11/14)
28th November 2014
A joint venture between Galliard, Frogmore and investment firm Cain Hoy Enterprises has announced plans for a new project at 2 Millharbour on the Isle of Dogs, having acquired land with the potential to build up to 900 luxury apartments with ancillary facilities.
The Wharf (24/11/14)
28th November 2014
Places for People and Balfour Beatty have reportedly been selected as preferred bidders to create up to 1,500 new homes at East Wick and Sweetwater in the Queen Elizabeth Olympic Park. The developments, which will include a “substantial element” of private rented sector housing, as well as affordable homes, is scheduled to be finished in 2023 – six years ahead of the original masterplan.
Property Week (27/11/14)
28th November 2014
Knight Frank says that “super prime” sales of London homes worth over £10m were up by a third between January and October to around 150, almost double the number of transactions in 2012. Sellers have reportedly been lowering their asking prices by up to 10%, triggering the flurry of activity.
Financial Times (26/11/14)
28th November 2014
In a letter to the Standard, Sir Martin Jacomb, the former non-executive chairman of Canary Wharf Group, takes issue with writer and former National Trust chairman Simon Jenkins' claims that Canary Wharf Group has destroyed London Docklands' historic atmosphere. He comments that regeneration of Docklands has led to the growth of the capital's high-quality office, retail and leisure space and allowed London's historic buildings and surrounding countryside to remain preserved. He adds that, of the 105,000 people working there, thousands live locally.
Evening Standard (25/11/14)
28th November 2014
Mortgage lender Halifax says that average house prices in east London, around the fictional Albert Square featured in EastEnders, have grown 437% over the past 20 years, as against 344% across the rest of the capital. However, average prices in the area remain over £60,000 below the regional average.
Daily Express (24/11/14)