December Property List

Posted on November 30th, 2013 by admin

As the end of the year approaches, we are delighted that we have a range of opportunities across London.

Please see our property listing: December 2013

If none of these meet your needs, please contact us and we will find the best properties to meet your requirements.

Christian@propertyinsidelondon.com

Singapore firm to develop new London village

Posted on November 9th, 2013 by admin

SINGAPORE-based property group Oxley Holdings has snapped up Royal Wharf, the largest mixed-use site sold in London since Battersea power station.

Oxley now intends to build 4,000 residential properties on the 40-acre space, along with a number of attached facilities.

The development is less than three miles east of Canary Wharf, one of London’s finance hubs, and will soon benefit from a Crossrail station less than a mile away. London City Airport is also a stone’s throw from the area.

According to Knight Frank, hundreds of the residential units which Oxley intend to develop already have planning permission, suggesting that large parts of the site will be established quickly.

Oxley’s chief executive, Ching Chiat Kwong, said: “Oxley will create a vibrant district and the opportunity cannot be missed by Londoners.”

The site was bought from Ballymore for around £200m, after it decided to sell the land in May this year.

Boris Johnson, the Mayor of London, commented: “My team and I met with Oxley Holdings on our trade mission to China last month and I am thrilled at this demonstration of their confidence in our great city.”

“This type of deal is exactly why I spent six days meeting businessmen and officials in China banging the drum for the capital, and it is further evidence of the colossal appetite of developers from the far East and elsewhere to invest in London,” Johnson added.

Battersea power station was also purchased by investors from east Asia, with a Malaysian consortium buying the landmark with the similar purpose of building hundreds of homes.

The purchase is part of the ongoing redevelopment of the areas which once encompassed the Royal Docks, which were closed to commercial traffic over thirty years ago.

Source: CityAM

Riding on the wave of Canary Wharf

Posted on November 9th, 2013 by admin

Steeped in history, Canary Wharf was once part of the world’s largest port. Now the capital’s second most vibrant business district – after the ancient City of London – it is still a gleaming hub of international trade and commerce.

The banks, law firms and media organisations that have joined its ranks have brought a host of sophisticated bars and restaurants to the area and property prices have grown by 10 per cent in the last five years.

Lauren Ireland, head of Savills Canary Wharf, says, “Canary Wharf appeals to young professionals looking for smaller flats to CEOs using penthouses as pied-a-terres.

“In the past year, there has been a noticeable increase in domestic buyers, primarily in the re-sale market.

“We also get a high number of buyers from South East Asia who tend to like the contemporary high rise apartments with high levels of specification and on-site facilities.”

Transport links such as the Jubilee Line, the Docklands Light Railway, the KPMG Thames Clipper service and Riverboat services also mean Canary Wharf has some of the most diverse ways to get around the city.

“The majority are still young, single, 22-30, with their first jobs in the area,” says Andrew Groocock, from Knight Frank, Canary Wharf.

“About 12 years ago, Canary Wharf on the weekends was a ghost town. Now, there are fantastic bars and pubs and a number of very good restaurants.

“You can get any kind of food in the world.

“There’s a bit of a nightlife which has bridged the way for development. It’s all those sorts of things that really encourage people to come in and make it a nice environment.”

According to property website Rightmove.co.uk, only one detached house was sold in the area last year compared to 830 flats – almost all of them one or two bedrooms in high rises – proving that nothing can stem a tide of young professionals.

Source: CityAM

CityAM’s guilde to London’s best property investments

Posted on November 9th, 2013 by admin

RIGHT now, investing in a London home looks like a pretty smart move. Asking prices saw a 10 per cent increase last month and, with low deposit schemes like the government’s Help to Buy initiative, more people are looking to invest in a second property to lease. But the process can seem bewildering for first time investors. Here are some recommendations to get you started.

WATERSIDE PARK, THE ROYAL DOCKS

As the regeneration plans for the Royal Docks Enterprise Zone progress, Barratt London’s Waterside Park development is conveniently placed next to what could become London’s third business district. Waterside Heights, the latest phase of Waterside Park, includes a mix of one and two bedroom apartments and three bedroom duplexes. Pontoon Dock DLR station is also on the doorstep providing transport links to Canary Wharf in 10 minutes and the City in 20 minutes. The Jubilee line is nearby and high-speed rail in the form of Crossrail is coming in 2018. Prices start from £352,500 for a two bedroom apartment.

RIVER WALK, KINGSTON-ON-THAMES

Redrow London’s River Walk development will feature 81 studio, one, and two bedroom apartments not far from the Thames, set among tree-lined footpaths. Residency comes with access to a communal rooftop garden and the development has been designed with young couples, first-time buyers and professionals in mind. Prices for a one bedroom apartment start from £199,950.

GREENLAND PLACE, GREENLAND DOCK

Barratt London’s Greenland Place in Deptford has 562 studio, one, two and three bedroom apartments spread over five low-rise buildings, as well as a 19-storey and a 22-storey tower. Greenland Place is a series of perimeter blocks, mewses, courtyards and squares. The development includes 6,500 sqm of commercial space, including a new business centre. Located next to Greenland Dock, the area is undergoing major regeneration, bringing new facilities and transport links. Greenland Place is just a short walk from Surrey Quays Overground station with connections to Canada Water, London Bridge, Canary Wharf and the City. Prices start from £284,000 for a one bed apartment.

NEW SOUTH QUARTER, CROYDON

The Royal Crescent is the latest phase at Barratt London’s New South Quarter development in Croydon offering one and two bedroom apartments just a short walk from Wandle Park tram station with connections to West and East Croydon railway stations. Each apartment features a balcony or terrace, many of which have riverside views. The development is next to Wandle Park and the River Wandle which, after having been lost underground for more than 40 years, is being brought back to the surface as part of a green regeneration scheme for the area. Prices start from £204,000 for a one bedroom apartment.

RENAISSANCE, LEWISHAM
Barratt London’s Renaissance development in Lewisham will be 788 new homes set around private landscaped gardens. It’s opposite the Lewisham DLR and rail station, with Greenwich five minutes away and London Bridge eight minutes away. Residents will also have access to The Glass Mill Leisure Centre. Just a short walk away, Lewisham high street has local produce markets and a choice of bars and restaurants. Sienna Alto is the latest phase to launch at Renaissance with 119 homes available, including one and two bedroom apartments and two bed duplexes. Prices start at £371,000 for a two bedroom flat.

THE SCHOOLYARD, WANDSWORTH
L&Q’s new development will bring 119 new homes to the site of a former school. Made up of one, two, and three bedroom apartments, these homes are situated in the desirable and leafy borough of Wandsworth. The new homes are a short walk away from Wandsworth Town station with excellent links into central London for work. Homes will be close to shops, restaurants, venues and popular green spaces such as Wandsworth Common, Tooting Common and the Thames bankside are also nearby. Prices for a one bedroom apartment start from
£335,000.

FOR MORE INFORMATION ON ANY OF THESE PLEASE CONTACT US.

Great Portland joins forces with Hong Kong Monetary Authority

Posted on November 9th, 2013 by admin

GREAT Portland has joined forces with Hong Kong’s central bank to develop a scheme that will sit next to Crossrail’s new Bond Street Station.

The West End developer said yesterday it will sell properties that form part of Hanover Square in Mayfair to the joint venture fund, GHS Limited Partnership, for £202m.
The Hong Kong Monetary Authority (HKMA), which makes investments through a $378bn fund that backs Hong Kong’s currency, is the latest in a wave of Asian investors moving into the London property market due to its safe haven appeal.
Over £4.7bn worth of deals occurred during the third quarter of 2013, with 22 per cent (£1bn) coming from Asian investors. Great Portland has planning consent to turn the 1.3 acre site into 208,000 square feet of offices, shops, restaurant and homes. The site is part-owned by Crossrail and work on the scheme is due to start in 2015 once Crossrail has finished building part of the Crossrail station there.

Source: CItyAM

Housing supply fears as growth hits record low

Posted on November 9th, 2013 by admin

OFFICIAL figures yesterday showed that the net supply of housing in England this year rose by the lowest number since records began over a
decade ago.
Net additions rose by just 124,270 in 2012-2013, a fall of eight per cent since 2011-12 and 44 per cent below the 2007-08 peak, according to the
figures from the Department for Communities and Local Government.
The rise is the lowest since the series began in 2000-01 when net housing supply increased for seven consecutive years before beginning to decline.
The largest component of net supply was new build completions, which made up 95 per cent of the net change in homes. The picture varied across England. London presented a mixed picture, with 18 out of 33 London boroughs showing some level of decrease compared to 2011-12 and 15 having increases.

The data was released ahead of figures today from LSL Property Services showing property transactions in October were the highest for that
month since 2007.
Over 79,000 properties were sold during the month, which marked the fourth consecutive monthly rise. Transactions are up 24 per cent
across England and Wales between the third quarter in 2012 and the same three months this year, with increases in sales recorded across the
country.
In terms of prices, greater London leads the pack, with prices up by 7.9 per cent in the year to October. The strongest increase was registered in
the City, where homes are selling for a colossal 34.8 per cent more.
According to the group, house prices overall rose by 4.3 per cent in the year to last month, the second fastest pace recorded in the year so
far. Prices are 0.6 per cent higher than they were in September alone, rising while incomes stay largely flat.

Source: CityAM

Sales agreed and current appointments

Posted on November 4th, 2013 by admin

We are delighted to announce that over the last two weeks we have received offers on a number of our clients’ properties which have been accepted. This includes apartments in the ArtHouse, Lincoln Plaza, CityScape and Lanterns Court.

We currently have access to a range of other high quality opportunities across London. Examples include:

Kings Cross- one bed apartment in the Tapestry (due to complete in 2015) and ArtHouse (completing shortly)

Canary Wharf- a range of completed units with tenants in place in Lanterns Court and a 1 & a 2 bed apartment in Lincoln Plaza (completing in 2015)

St Johns Wood- a new development on Abbey Road and one on Alexandra Road (completing in 2014)

Bloomsbury- a completed studio in a refurbished block (Albany House)

Elephant & Castle- a completed penthouse apartment (The Printworks)

Regents Park- completed apartments in the Atrium development and apartments in Cleveland Street

City Road- one, two and three bed apartments in the Lexicon development (completing in 2014), a one bedroom apartment in Bezier (completed) and a one bed apartment in Canaletto (completing in 2015)

Camden- one and two bed apartments in Regents Canalside (completing shortly)

Kennington– one, two and three bed units in a new development

The City- a new development of two bedroom apartments due to complete in 2014, Royal Mint Gardens (completing 2017), studio apartments in Avant Garde, apartments in One Lambs Passage and St Dunstans

One Tower Bridge– one and three bedroom apartments

London Bridge- one and two bed units in new developments at London Bridge and along the South Bank

Maida Vale/ Queen’s Park- apartments in Carlton Place (a newly completed development)

Wapping- a completed two bedroom apartment with stunning views of Canary Wharf in the 21 Wapping Lane development

Mayfair– apartments in new developments

Battersea- a stunning apartment in the Riverlight development due to complete in 2015.

In addition we have access to a range of development sites and properties in need of refurbishment.

Should you want additional information on any of the above, or alternatively if you are looking for a property but none of the above meet your requirements, please contact us. We have a range of other properties not included in the list above.

We look forward to helping you,
Christian

Partner, Property Inside London

Email: Christian@propertyinsidelondon.com

Website: www.propertyinsidelondon.com