December Property List

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

Read More

Singapore firm to develop new London village

The development at Royal Wharf will be close to London City airport

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

Read More

Riding on the wave of Canary Wharf

The financial district of Canary Wharf

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

Read More

CityAM’s guilde to London’s best property investments

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