Singaporean property developer Oxley Holdings has acquired a 20% stake in Galliard Homes for £50m.

Oxley operates in Singapore, across South East Asia, the UK and Ireland.

Its current portfolio of developments includes Royal Wharf in East London.

Oxley is keen to strengthen its presence in the booming London property market

It said: “The partnership with Galliard Group will see Oxley capitalizing and leveraging on Galliard Group’s construction and property development expertise and operating network and contacts in the UK.”

Galliard Homes presently has over £1.6bn worth of forward sales, with nearly 6,000 residential units under construction. The group has sites in planning with a completed value of £2bn.

Mr Ching Chiat Kwong, Chairman & CEO of Oxley said: “This investment marks our strategic alliance in London with a leading well-established and reputable property developer – Galliard Group.

“Galliard has a well proven track record and this acquisition signals our confidence in the UK property market and London in particular.

“We look forward to leveraging this partnership in a variety of ways and hopefully complement our future developments in London.”

Stephen Conway, Chief Executive of Galliard Homes said: “We believe this milestone transaction by Oxley will create business opportunities for both Galliard and Oxley. The synergies are obvious.

“Galliard is a London-centric developer that has a strong selling profile in Singapore.

“Oxley is a dynamic Singapore-based property developer with a rapidly growing London presence.”

Galliford Try has signed a development agreement with the Greater London Authority to secure planning and construct the £380m Silvertown Way development in Canning Town, East London.

The development ranks as the largest standalone housing scheme that Galliford Try has undertaken.

It will see the firm deliver 1,100 mixed tenure homes across 11 individual blocks at the site to the south of the Royal Docks.

The 5.9 acres hectares development site is bounded by Silvertown Way to the east and the railway line to the west with the northern boundary connecting to the A13 and Canning Town underground station.

Galliford Try will deliver the scheme through an existing joint venture vehicle with Thames Valley Housing Association, with a third of the homes for private rent through the housing association’s subsidiary Fizzy Living.

It house building businesses, Linden Homes and Galliford Try Partnerships will be responsible for undertaking the development, which is proposed to include a hotel, restaurant, employment and commercial space alongside the new homes.

Greg Fitzgerald, Galliford Try’s Executive Chairman, said: “I am delighted that we have been able to work with all the stakeholders involved in this project to reach an agreement, and deliver much-needed new homes for London.

“As well as being a hugely significant project for our company, Silvertown Way will be a flagship regeneration project for East London, and we are committed to providing high-quality housing of all tenures for the local community.”

Joint developers Galliard Homes, Frogmore and Cain Hoy have unveiled plans for a £550m high-rise housing scheme on the Isle of Dogs in London.

The 900-home Harbour Central scheme at 2 Millharbour Dock Basin is being billed as a Manhattan-style “vertical village” for Canary Wharf.

It will also feature retail, commercial, leisure and parking facilities in five mixed-use towers, up to 41 storeys high, designed around two new London green squares.

Designed by architect Rolfe Judd the centrepiece will be two iconic high rise residential towers, 41 and 35 storeys high.

The tallest, known as Maine Tower, will be the first part of the project launched for sale.

Stephen Conway, Chairman & Chief Executive of Galliard Homes said: “Harbour Central is a flagship development and the first major Canary Wharf project that we are undertaking in association with Cain Hoy.

“Millharbour is the best residential address in London Docklands and through working with Argent Design we have designed a scheme that offers buyers both a lifestyle offering and a superb investment.”

Joint venture developers Weston Homes and Cathedral Group are preparing to start work transforming the historic 1.2 acre Telegraph Works site at Greenwich in London. 

Currently demolition works of the old cable sheds and warehouses is being undertaken on the site by the ex-owners – Alcatel-Lucent.

Weston Homes will get vacant possession of the cleared Telegraph Works site at the beginning of October when it plans to start project construction immediately on site to create a new £120m residential address.

It will use an in-house team with several subcontractors, still to be appointed, to help deliver the 272-home scheme at the historic site.

The site became known as the Telegraph Construction & Maintenance Company Works  in 1857 when the submarine cable manufacturer took over the old rope making factory.

This factory built the first transatlantic telegraph cable, made from seven copper wires, which when laid under the Atlantic Ocean enabled Queen Victoria to communicate with US President James Buchanan on the 16^th August 1858.  This first formal message took 17 hours to transmit.

The 18-storey residential tower will have floor to ceiling windows and recessed balconies. The architecture features a striking brise soleil made from coloured and rendered panels, giving the facade a mosaic-style theme. The other apartment buildings have similar mosaic-style facades and floor to ceiling windows opening onto outside balconies.

Derwent London has scooped planning permission for a new 15-storey hotel close to Blackfriars Bridge in south London.

The 192-room hotel, which will be operated by The Hoxton, is the focal point of 110,000 sq ft mixed-use development of Wedge House at 40 Blackfriars Road, London SE1.

Designed by architects Lifschutz Davidson Sandilands the scheme also included 42,000 sq ft of office and is due to complete in 2018.

Nigel George, Director of Derwent London, said: “We are delighted that Southwark Council has approved this exciting new mixed-use development.”

Sharan Pasricha, Founder and CEO of Ennismore/The Hoxton said: “Southwark is an incredibly exciting part of London. South of the river is where we chose as home for our third London property because we’re big fans of the neighbourhood, especially the theatre and food scene and we’re looking forward to growing up alongside it. We chose to work with Derwent London as they have re-imagined some amazing buildings in London and we’re continually impressed by their work.”

The project is one of several high-rise schemes in planning or under construction between Blackfriars Bridge and St George’s Circus.

The area has been designated as an area for tall buildings in Southwark Council’s SPD for the locality.

London’s Wandsworth Council has approved plans to build 839 homes, a nursery, shops and public square on the former Battersea gasholder site in Nine Elms.

The proposal, a joint venture between Berkeley Group’s developer St William and National Grid, would include 201 affordable homes for local residents to buy or rent at a reduced price.

The four gasholders, which neighbour the world famous Battersea Power Station, were decommissioned in 2013 and demolition is already well underway.

Alison Dowsett, Managing Director of St William, said: “This will open a former industrial site up for the first time in over 150 years and create a fantastic new place for the borough.”

Designed by Squire and Partners, the master plan consists of 12 buildings ranging from seven to 26 storeys in height and a new public square.

The mixed-use scheme would provide just over 50,000 sq ft of new education or office floorspace.

Vacant possession is due in spring 2016 with construction scheduled to start on site soon after. First occupations are scheduled for 2019.

The disused gasworks occupies a key position between Battersea Park and the new town centre now being built at Battersea Power Station.

The developer is set to make a £30m contribution to the cost of extending the Northern Line to this part of Battersea as well as a range of improvements to local community services.

A further £4m is being provided for improvements to neighbouring Battersea Park Station, including a second entrance and new lifts.

Swiss-based Partners Group is joining forces with Marick Real Estate to develop a 245,000 sq ft office building at 80 Fenchurch Street in the City of London.

Demolition of a vacant building on the site in the heart of the City insurance district will start by the end of June.

Construction of the stepped block rising to 14 storeys will start in early 2016, with completion expected by the first quarter of 2018.

The joint developers said the scheme, which has planning, will involved a total investment of £200m.

Designed by architects TP Bennett, the office block will boast a series of tiered roof gardens over nine individual building elements making up the stepped block.

Stuart Keith, Vice President, Private Real Estate, Partners Group, said: “The recent rebound in the UK economy has created a significant supply-demand imbalance in the City of London in terms of Grade A office space, with vacancy levels close to historic lows and rents steadily climbing.

“80 Fenchurch will be perfectly placed in terms of location, timing and quality of build to capitalise on this attractive market opportunity.”

Berkeley Group developer St James has secured a resolution to grant planning permission from the London Borough of Hammersmith & Fulham for its vast 1,465-home White City scheme in West London. 

The 10-acre Marks & Spencer warehouse site will be transformed into a residential neighbourhood set in a new 4 acre public park known as White City Green.

This open space will be fully funded by St James and provide opportunities for a range of leisure and recreational activities and events.

The whole development aims to deliver new homes, along with commercial, office, community and leisure space. It will bring £615m of investment, create 620 jobs in construction, and deliver just over 30% affordable housing on and off site.

A new bridge and pedestrian deck across London Underground’s Central Line will give direct access to the Westfield London shopping centre to the south.

The Marks and Spencer warehouse is due to be vacated in July 2016 and construction is planned to start at the earliest opportunity.

St James will deliver the scheme in several phases over a 15-year period.

Great Portland Estates is planning to start six more major London projects as developers in the capital scramble to meet demand for new space.

With six major projects on the go already, the developer now boasts the largest development pipeline in its history.

Announcing strong annual growth today, GPE said its substantial pipeline of opportunities included an additional 18 uncommitted projects, including six schemes totalling 548,600 sq ft with potential starts in the next 24 months.

Spending will rise from £325m on the half-dozen projects already committed to or in construction to £533m if the next six go ahead.

Toby Courtauld, chief executive, said: “Our 1.2m sq ft committed and near-term development programme is the largest we have ever undertaken and accounts for around 25% of all core West End speculative deliveries over the next four years.

“It contains some exceptional schemes, including a major contribution towards the regeneration of the east end of Oxford Street.

“In addition, our long, flexible pipeline of future projects contains many enticing prospects, often near to Crossrail stations, stretching well into the next decade.”

In total, GPE’s 2.5m sq ft development programme covers over half of the existing portfolio and upcoming deliveries in the core West End represent around 25% of this sub-market’s total forecast speculative supply over the next four years.

GPE said it expected to see a pick-up in the speculative development pipeline as developers respond to stronger occupier demand levels and the prospect of rental growth.

But it predicted many of these West End schemes would face significant barriers with the lead time between development starts and completions expected to take several years.

“These barriers increasingly include a shortage of contractor capacity which is both reducing market access to new entrants or those developers without meaningful pipelines of work and supporting construction cost inflation.

“While construction costs are rising from a relatively low base, the major cost consultants are forecasting annual cost inflation of 4-7% over the coming years for commercial schemes,” said Courtald.

“Across our business, we expect to be able to largely mitigate these cost increases and capacity constraints through rental growth, our deep relationships with contractors, effective supply chain management and our pipeline of opportunities.”

Wates Construction has landed a £76m apartment scheme at Greenwich Peninsula for developer Knight Dragon.

The building, designed by architects Pilbrow & Partners, is the firm’s largest build on the vast residential scheme to date, after winning two previous residential projects.

The latest job will comprise a 32-storey tower with a seven-storey podium at its base containing 269 private and affordable social apartments. It is due for completion in spring 2017.

Located on plot 104, the new apartments form part of phase two of a major programme of works to deliver 10,000 new residential units on the Greenwich Peninsula – one of the largest regeneration schemes in Europe.

Wates previously won contracts for 201 flats on plot 114, after Willmott Dixon dropped out as lead contractor, and 144 flats on plot 115

The builder also completed a new marketing hub for the large site last year

Mark Tant, managing director, Wates Construction, London Residential, said: “This contract marks another milestone reached in this ambitious regeneration scheme and demonstrates our ability to deliver large-scale high-rise residential projects that add to the changing landscape of the capital.”

Richard Margree, Chief Executive of Knight Dragon, added: “This is a vital site for London to provide homes for people who want to live and work in the capital.

“Knight Dragon has invested £500m so far and is committed to delivering a vibrant and viable development.  We already have 1,300 homes under construction, with 500 to be completed in the next few months.”