Docklands News

Live the high life at South Quay Plaza

16th February 2018

Five new apartments at Berkeley Homes’ South Quay Plaza, near Canary Wharf have been placed on the market. The quintet is based on the 57th floor of the UK’s tallest residential scheme, offering panoramic views of London’s skyline. The development will stand at 68 floors when complete, and includes a 20m residents’ swimming pool high up on the 56th floor, looking onto The Thames, with cafés, shops restaurants and open public space set around its base. Completion on the five homes is expected in 2021, with prices starting at £890,000.

East London Advertiser (15/02/2018)

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New footbridge planned for Canary Wharf

16th February 2018

Tower Hamlets Council has agreed to provide £270,000 for preparatory work on a new pedestrian bridge in Canary Wharf, to relieve congestion on the existing South Quay Footbridge. At present, 27,000 people cross the South Quay bridge every day, making it the second-busiest in London, leading to severe bottlenecks; a second bridge to link the Isle of Dogs with South Quay and Canary Wharf will allow commuters, along with local residents, to have easier access to the DLR and Underground stations. “The Isle of Dogs needs infrastructure to match the development,” Tower Hamlets Mayor John Biggs said. “This footbridge will relieve congestion on the existing bridge and improve cycling and pedestrian access”.

New Civil Engineer (13/02/2018)   East London Advertiser (12/02/2018)

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Firm buys plot for affordable London homes

16th February 2018

Property developer Pocket Living has agreed to buy a site in Leyton, east London, for £9m and plans to build around 200 affordable homes there. These homes will be offered at a discount to the local market of at least 20% as part of the firm’s plans to build 1059 affordable homes over the next three years. Pocket's one- and two-bed flats are designed with millennials in mind. The units are built off-site in the company's factory, and are then transported into the capital; last year, Mayor Sadiq Khan invested £25m in the firm, to fund the construction of over 1,000 Pocket homes.

City AM (13/02/2018)

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Nationwide warns of slowing market

16th February 2018

Nationwide has revealed that it has seen a dip in mortgage lending and warns that the housing market is showing signs of slowing down. The building society saw £4.7bn of net lending to home buyers in the fourth quarter of 2017, a 43% decline on the £8.2bn lent in Q4 2016. Nationwide chief executive Joe Garner said he expected house prices to be “broadly flat in 2018” or show “a marginal gain of around 1%”. He added: “Modest economic growth is also likely to hold back the housing market and house price growth”.

The Daily Telegraph (09/02/2018)

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Many youngsters would buy with strangers

16th February 2018

One in seven younger Brits would buy a house with a complete stranger, according to a survey by HSBC, which also revealed 83% of 18 to 40 year-olds believed that they will never be able afford a home on their own. Chris Pearson from HSBC said: "Buying a home is a life-changing financial commitment and there’s no doubt this is an unorthodox way of doing it. People who are considering this step need to not only find someone responsible and compatible to avoid a difficult situation in the future".

Daily Mail (14/02/2018)

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TfL plans new neighbourhood for Newham

9th February 2018

Transport for London is seeking a development partner to transform the Limmo Peninsula, an Elizabeth Line tunnelling site close to Canning Town tube station, into a 1,500-home neighbourhood. Six hundred of the new homes will be “genuinely affordable, Mayor Sadiq Khan said at the launch. Graeme Craig, director of commercial development at TfL, said: “This is the biggest site yet that we’ve released to our Property Partnership Framework and is a great example of a high-density development enabled by excellent transport links. Limmo Peninsula will make a significant contribution to meeting London’s demand for more affordable homes”.

Property Week (06/02/2018)   Inside Housing (06/02/2018)

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