020 7538 0102
18th August 2017
Revamped proposals for a 49-storey skyscraper at 225 Marsh Wall on the Isle of Dogs, south of Canary Wharf, have won the backing of Tower Hamlets planning officers, who are now recommending that councillors approve the scheme. A previous blueprint was rejected, on the grounds that it would be over-development of the site, and impact on the light available to neighbouring properties. The new plans lose seven floors from the original 56, while other design changes include a reduction in the stepping effect of the tower’s highest levels and a simplified podium design. The skyscraper now has no studio properties, while 50% of its homes are family-sized, meaning that they have three or more bedrooms, after the previous scheme was criticised for its lack of family-sized homes compared to the quantity of studio apartments.
Building (17/08/2017)
18th August 2017
Red Door Ventures, the developer owned by Newham Council, has been given the go-ahead to build 180 homes on land around Plaistow Underground station. The project, dubbed Plaistow Hub, is still subject to Section 106 approval, and a final green light from the GLA, will also include a gym, supermarket, cafe and neighbourhood centre which will provide a library and community facilities.
The Wharf (17/08/2017)
18th August 2017
London Mayor Sadiq Khan has announced plans that will force developers who fail to meet affordable housing requirements to make financial records public to show why they could not build more low-cost homes. He will also call on local authorities to have developers submit plans for scrutiny by city hall experts. Those that meet affordable housing thresholds will be granted a fast-track toward planning permission. Mr Khan said the plans are designed to avoid developers “unacceptably” reducing the number of affordable homes on site after planning permission is granted.
Daily Mail (16/08/2017)
18th August 2017
The average price of a home in the UK went up by nearly £2,000 to £223,000 in June, according to figures from the ONS. The annual rate of increase is running at 4.9%, down from 5% in May, meaning the average British home has added £10,000 since the Brexit vote. In the year to June, homes in England saw values up 5.2% to an average of £240,000, with the average price of a London home falling £3,000 to £482,000.
The Daily Telegraph (15/08/2017)
11th August 2017
London & Quadrant has launched a new tranche of homes at its Quebec Quarter project in Canada Water. The Glades phase has seen 61 apartments put on the market, each with a terrace or balcony, as well as cycle storage and an underground car park. The site includes extensive outdoor spaces, including communal grounds, play areas, and a path leading to the nearby Russia Dock Woodland. Prices at the development, which is just two minutes from Canary Wharf by tube, start at £525,000 for a one-bedroom flat, £675,000 for a two-bed and £830,000 for three-bedrooms.
The Wharf (07/08/2017)
11th August 2017
The London 2012 Olympics stoked property prices in the surrounding boroughs, according to the Halifax. House prices in the 14 closest East London postal districts to the London Stadium, currently hosting the World Athletics Championships, have increased by an average of £4,279 a month between the end of the Paralympic Games in September 2012 and April 2017, it found. The average house price in the area has surged by 64%, from £286,683 to £470,687 – higher than the London average increase of 38%. Walthamstow recorded the fastest increase, with prices doubling from £238,348 to £479,421, an increase of £241,073 or 101%. All 14 areas analysed have recorded price growth of more than £125,000.
The Times (05/08/2017)