24th April 2015
Brookfield and Qatar Investment Authority have formally completed the £2.6bn takeover of Canary Wharf. Ric Clark, the chief executive of Brookfield, said: "Canary Wharf remains one of the most treasured property estates in the world. We look forward to working with Qatar Investment Authority and the Canary Wharf Group management team to advance the substantial development pipeline, and to realise the full potential of the site for our tenants, stakeholders and the people of London." Sheikh Abdullah bin Mohammed al-Thani, the chief executive of QIA, said the new owners would pursue "further expansion through the creation of a sustainable, mixed development comprising offices, homes as well as retail and leisure space".
Evening Standard (20/04/15)
24th April 2015
Telford Homes has launched 120 units at Manhattan Plaza in Poplar, a tower inspired by New York’s now-trendy Meatpacking district and standing opposite the towers of Canary Wharf. Designed by architect Barton Whillmore, the one, two and three-bedroom apartments offer fitted, spacious bathrooms and kitchens, unbeatable views of the capital, with residents benefitting from a concierge service, private gym, and roof-top gardens; just three minutes’ walk from Blackwall DLR station, accessibility to the centre of town will be boosted in 2018 with the arrival of Crossrail in E14. Prices start from £450,000 for a one-bedroom apartment. Completions are expected in late 2017.
The Wharf (19/04/15)
24th April 2015
More than 120,000 homeowners would be forced to have their properties revalued at a cost of up to £4,800 each under Labour’s mansion tax plans, according toa new survey. HMRC will also have to pay the £65m cost of disputing any valuations.
The Daily Telegraph (20/04/15)
24th April 2015
Private sector rents rose by £100 during the 2010 to 2015 Parliament, with the average tenant in England and Wales now paying £768 a month compared to £667 five years ago, a study has found
The Independent (23/04/15)
17th April 2015
The Standard’s David Spittles looks at the progress of Greenwich Peninsula, the capital’s biggest single regeneration project. Once finished, the 150-acre site, owned by China’s Knight Dragon, will boast 15,500 homes across five villages, as well as a 1.5 mile riverside promenade and civic squares home to bars, restaurants, a major new film studio, luxury hotel, driving range for golfers and range of visitor attractions. CBREsays that Greenwich Peninsula’s homes are proving popular among a range of people, especially young professionals, families and middle-aged downsizers.
Evening Standard (16/04/2015)
17th April 2015
Canary Wharf Group has secured planning permission for 1.7m sq ft of new floorspace at the Isle of Dogs. Tower Hamlets Council has granted full planning permission for a 700,000 sq ft office building at 1 Bank Street and outline planning permission for a 1m sq ft office building at 1 Park Place..
Property Week (10/04/2015)