Estate Living Magazine Invest SA - Issue 41 May 2019 | Page 53

l i v e
The zone will create over 30,000 new jobs by 2037 across 4.7
million square feet of new commercial and retail space. The first
phase of around 600,000 square feet of development at the 35-
acre Royal Albert Dock broke ground in June 2017 and is due for
completion in early 2019.
Facilities and features
• 161 units on completion date (17 units available)
• balconies, winter gardens and terraces for some units
• 24-hour concierge
• 30-second walk from Emirates Airline cable car linking to
Greenwich Peninsula and the O2 Arena
• two minutes’ walk from DLR network at Royal Victoria
• seven minutes from the forthcoming Asian Business Port.
CANTERBURY LOFTS
A collection of 20 apartments, Canterbury Lofts is set behind the
beautiful façade of a Victorian signal factory. Built at the end of
the 1800s, the property’s unique period features sit alongside
cutting-edge design, creating living spaces that blend historical
charm with modern character.
Canterbury Lofts
Facilities and features
• 2,400 new homes
• one-, two- and three-bedroom units
• new schools
• restaurants and cafés
• new urban park
Why invest here?
• The area that surrounds Canterbury Lofts is transforming.
• A long-term regeneration plan for South Kilburn will see 2,400
new homes built, allowing for a further influx of young families
as well as working professionals into the area.
• The regeneration will also enhance the employment sector
within NW6 by creating a number of job opportunities.
• Over the next five to 10 years, South Kilburn will benefit from
the use of new schools, retail units, restaurants and cafés,
which will contribute to what is an already incredibly vibrant
and prosperous community atmosphere.
F
Investment details
• Grand windows, mezzanine floors and double-height
ceilings add traditional elegance to expansive open-plan
contemporary living spaces, underpinned by steel frames and
solid concrete floors.
• Integrated high-specification appliances ensure every lifestyle
convenience is catered for.
Investment details
• Inspired by the success of Canary Wharf, the master plan for
East London’s Royal Docks will create the capital’s third major
financial district, one that is supported by a thriving residential
neighbourhood and connected by advanced transport
infrastructure.
• Some £22 billion of investment is under way or planned for the
area, with mixed-use projects such as the £3.5 billion Royal
Wharf and £3.5 billion Silvertown Quays set to deliver historic
employment and economic growth.
Why invest here?
• Royal Victoria Residence is a key landmark representing
the area’s transformation, and its modern curved reaches
will bring a new level of luxury living to the area. The tower
will offer a mix of units, all with exclusive specifications and
breathtaking views, with balconies, winter gardens, terraces
or sun lounges.
• Already well connected, the apartments are only a 12-minute
walk from the £35 million new Crossrail station at Custom
House – The Elizabeth Line – which, from start of service
in December 2018, is a key driver of housing demand and
therefore capital and rental growth within the area. Travel
times to Canary Wharf and Paddington will be halved.
• Located in the London Borough of Newham, which has a
chronic and long-term undersupply of housing. According to
Council data, in 2016 there was demand for 120,133 homes,
but supply of only 107,763 units, leaving a shortfall of 12,370
homes. Up to 2027 Newham Council aims to add 40,000 new
homes, or 2,352 per annum. If this target is met, it will still fall
short of the forecast household growth, creating a shortfall
of dwellings across the borough of between 7% and 11%, as
construction continues to struggle to keep up with growing
demand.
• As The Royal Docks continues on this route to becoming a new
premium district for the capital, confidence is high that prices
will continue to rise, with the healthy residential supply pipeline
unlikely to keep up with soaring demand.
• Properties around Custom House Crossrail station are
expected to see growth of 29.5% and rental growth of 27.4%
between the end of 2015 and the end of 2020 alone.
s m a r t