020 7538 0102
31st October 2014
A study by Stirling Ackroyd suggests that London could find room for up to 570,000 new homes over the next decade. The reports says that redeveloping 1.3% of the capital's land area would make space for the extra homes, while preserving all green space. Stirling Ackroyd MD Andrew Bridges said: "Even a cautious projection puts the capital’s population at 9m before 2020, and half a decade before that landmark the city already needs more homes." It studied the available land in all 625 London wards and identified those with the best homebuilding potential.
Evening Standard (24/10/14)
31st October 2014
London has been named the most expensive city to buy high-end new-builds with the average prime residential new-build currently costing £2,000 per sq ft, according to new research by CBRE. Hong Kong is the second most expensive with costs per sq ft of £1,950, followed by New York at £1,800 per sq ft.
The Independent (30/10/14)
24th October 2014
Galliard Homes is reportedly under offer to buy a 1.7 acre site at 2 Millharbour on the Isle of Dogs, close to South Quay DLR station. Valued at around £65m the site, currently owned by Docklands Centre, has the potential for almost 1,000 homes. Planning permission for seven residential buildings ranging in height from eight to 50 storeys was submitted to Tower Hamlets Council in May. Galliard already owns 3 Millharbour, and 6-8 South Quay Square.
Property Week (24/10/14)
24th October 2014
Prime Place Developments has released the second phase of its £250m Aberfeldy Village regeneration scheme in Canning Town. A joint venture between Prime Place and housing association Poplar HARCA, it will add 1,176 new homes over the next two years. The development includes a central avenue of retail facilities, a multi-use community centre, healthcare facilities and landscaped open green areas, and is just minutes away from Canning Town station for direct links to Canary Wharf. Prices start at £274,995 for a one-bedroom suite.
The Wharf (18/10/14)
24th October 2014
Thanks to the backing of Boris Johnson, Hong Kong property developer Knight Dragon is to build 10,000 new homes on the Greenwich Peninsula, to be served by 150 new shops and restaurants, 48 acres of open space, and 1.6 miles of river frontage. The first phase went on sale last month – 200 units, ranging from studio flats priced at £250,000 to £1.7m for a three-bedroom waterfront penthouse with two balconies and a winter garden.
Financial Times (17/10/14)
24th October 2014
Boris Johnson has admitted that London’s target to build 55,000 affordable homes by March 2015 may not be achieved. When questioned at the London Assembly on whether the deadline for 55,000 affordable homes was the end of March 2015 or December 2015, he said: “As far as I can remember its 2015… I don't know. Whenever we've done them… If it slips by a few hundred in March then we’ll look at it.”
Evening Standard (23/10/2014)