020 7538 0102
5th June 2015
A new development has been announced on the Isle of Dogs: Millharbour Village, a six-acre site alongside South Dock, just south of Canary Wharf. Developer Galliard Homes plans to build a six-tower “vertical village” of 1,500 new homes, with over a quarter earmarked as affordable. Designed by award-winning architects Studio Egret West and Hawkins Brown, the tallest building in the project will stand 45 storeys high, at 481ft, just three feet shorter than the nearby Pan Peninsula tower. Uniquely, it will have around 4,000sq ft of aerial playground space for children, created on the rooftops of two of the skyscrapers. The mixed use development, set to be given the green light by Tower Hamlets council, will be a mixed use scheme including restaurants, cafés and offices. Elsewhere on the Isle, Berkeley Homes has acquired a site next to South Quay Plaza, where it plans to build a 210m tower, just 10m shorter than its neighbouring 68 storey residential skyscraper. The new project will add around 450 apartments and 20,000 sq ft of retail space to the existing plans.
Evening Standard (03/06/2015) Construction Enquirer (04/06/2015)
5th June 2015
The £3.7bn regeneration of Canning Town and Custom House continues apace, with the third phase of Rathbone Street Market beginning to take shape. ECf Development director Duncan Cumberland said: “This phase represents the next piece in the jigsaw for Rathbone Market and will put Canning Town firmly back on the map as a residential destination in East London”. The latest release contains 216 homes spread across a series of tower blocks, divided between 162 privately-owned properties and 54 affordable.
The Wharf (03/06/2015)
5th June 2015
The latest official figures show that the average house price grew 0.9% between March and April to reach £179,817 in England and Wales.In the last year, this represents growth of 5.1%, the lowest annual rise in 14 months, according to the Land Registry data.As a region, London experienced the greatest increase in property values over the last 12 months with prices up 10.9% on average.The North East is the only region to see prices fall in the last year, with prices decreasing by 0.6%.
Financial Times (02/06/2015)
5th June 2015
UK mortgage approvals rose to their highest level for 14 months in April, data shows, but analysts do not expect this to lead to runaway house prices. There was a 10% rise in the number of mortgages approved for house purchases from March to April, the biggest month-on-month increase since 2009. This took the total to 68,706 in April, the Bank of England said, far below a peak of 129,996 in November 2006.
The Times (03/06/2015)
5th June 2015
The latest Land Registry house price index shows there are now only three boroughs in London where an average home costs less than £304,205, the average budget of a first-time buyer in the capital, according to a new study. The areas are Barking and Dagenham, average price £274,173, Bexley, average price £287,732 and Newham, average price £295,306.
Evening Standard (03/06/2015)
5th June 2015
A £100m property development in London is offering residents a 24-hour room-service from Harrods. The apartments, in the Grade II listed development on Connaught Place, with views of Hyde Park, will allow residents to ring down to reception and demand food, gifts, flowers and other luxury items from the upmarket store. The concierge can also arrange chauffeured limousines and organise helicopter and private jet access via the Harrods Private Air service.. Prices range between £11.75m to more than £20m.
Daily Telegraph (02/06/2015)