Royal Wharf is set to become the new business district in London with a £1bn investment announced by Boris Johnson.
The deal will re-instate the Royal Docks as a commercial and trading centre for the 21st century, delivering around 20,000 full-time jobs and boosting local employment in Newham by 30 per cent. When complete the site will become London’s third business district and, according to initial projections, be worth £6bn to the UK economy, generating £23m in business rates annually and acting as a catalyst for further development in the area.
Name of developer: Ballymore
Location: Custom House, London E16
Number of flats within the development: 881 in first phase. 3385 across the whole site
Estimated project completion dates: phase 1 2016, phase 2 2019
Estimated Service Charge: £3.50 per sq foot
Car Parking: 350 spaces by separate negotiation
Lease: 999 years
Borough: London Borough of Newham
Site: Royal Wharf London is an exciting mixed development located in East London’s Royal Docks, with a massive land size of 40-acre. 2 new parks and 15000 sq m of new office space.
Residential London are actively looking for investors for our resale apartments in Royal Wharf a prime London riverside development. This could make for a great investment or a lovely new home.
The Mayor, Boris Johnson, recently announced details of a £1bn deal to transform London’s historic docklands into the capital’s next business district, forging new trade links with China and other economies in the Asia-Pacific region and securing billions of pounds of inward investment in the UK economy. The 35 acre site will be development by ABP China and will see the creation 2.5 million square feet of office space in total, 600,000 square feet of which is due to open in 2017.
Floating Villages: homes linked by pedestrian and cycle bridges to parks and islands.
The Royals are also at the heart of fresh and imaginative thinking to solve London’s housing shortage and help combat climate change. Floating villages of modern, eco-friendly permanent houses, where residents have security of tenure and own the property and the water below them on 50-year leases, are one of the compelling ideas. Houses would look “normal” rather than futuristic and be linked by pedestrian and cycle bridges to parks and islands, transport interchanges, leisure and cultural attractions.
- Major new regeneration area
- Riverside development
- 40 acres of mixed use and residential space
- New School
- 2 new parks
- 310 new townhouses
If you would like more information on this development or one of our other fantastic opportunities
CALL PERICLES PROPERTIES NOW 020 3582 2238