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Mar 28-Apr 11, 2019 wharf-life.com

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energy deals for buyers thanks to E.ON Page 18

letting s watchi ng the futu

looking inside Greystar’s flagship Sailmakers development on the Isle of Dogs as the US company reinvents renting for the UK Property in Canary Wharf, Docklands, east London buy - rent - invest - interiors - commercial

re of

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Wharf Life Mar 28-Apr 11, 2019 wharf-life.com

building the future

by David Galman

By Jon Massey

A Office buildings are being converted into flats

I

t’s time for some joined up thinking (sounds logical, I know). The Government encourages permitted development in empty offices and warehouses, whereby building controls, Council Of Mortgage Lenders warranty and most planning requirements are adhered to. The main exceptions are no minimum size and no social housing.

With land scarce and at a premium, the demand from purchasers for reasonably priced starter accommodation is unprecedented in London, the South East and, generally, anywhere within an hour’s commuting distance of the capital. So many buildings have been converted into small but functional living spaces.

These studios and one-beds are often constructed to a high standard with a decent specification, often with funky additions like mezzanine sleeping levels. It’s all very innovative.

Now here’s the rub. Surveyors acting for the main lenders are not fans. We can cast aside the selling price, because the surveyor has it within their gift to value based on evidence, even if It’s time for some there’s no other new joined up thinking development or small dwellings in the immewhen it comes to the diate area. One can see how it’s difficult area of permitted for them to arrive at development (sounds valuations.

The questions is: “Do logical, I know) they not like permitted David Galman, Galliard Homes development for any other reason?”

Is it because these schemes often change the landscape of a high street, can be close to office or light industrial campus sites, or maybe on busy main roads, simply by their very nature?

So who loses out? More often than not, it is the buyer, who perhaps exchanged contracts off plan at a very early stage in the process and, due to a surveyor’s personal opinion, faces a nil valuation and difficulties in completion.

What do we do? Call a truce. Ask surveyors, leading lenders, the Government, policy advisors and well known developers to meet, perhaps at a completed building, and agree a way forward.

Sounds like a plan, but I must stop trying to apply logic.

“

David Galman is sales director at Galliard Homes which is delivering developments including Orchard Wharf, Harbour Central and The Stage Go to galliardhomes.com or follow @GalliardHomes and @DavidGalman on Twitter

quiet revolution is happening on the Isle Of Dogs. Like the gentle puff of wind into a galleon’s mainsheet, the arrival of Greystar’s Sailmakers scheme heralds a titanic change in course for the UK residential market.

A global giant in the supply of purpose-built rental homes, it’s the US company’s first “multi-family development” in Britain and will provide 3 properties for tenants to occupy just south of the Canary Wharf estate.

Split across two buildings – Ostro, which is already open for business and Sirocco, which launches in spring 0 – it promises a wealth of on-site facilities, pet-friendliness and homes designed with renters in mind.

Managing director of asset management at Greystar Europe, Bella eacock, took time to talk community with me and why renting is increasingly a lifestyle choice for Londoners. “ e’re super excited about the launch,” said Bella. “ e have named the buildings after the winds – Sailmakers as a development name was built on the concept of being by the water. “ e always like to tie our development to the local area to give them some history – something people can relate to. “ e have 0 apartments in Ostro, which launched towards the end of 0 8. e had our first residents move in during November last year. “ e have a selection of studios through three-bedroom apartments, although the majority are one or two-bedroom properties. “ hat makes the buildings uite uni ue is the amenity spaces – we did a lot of work to think about how we could configure them and bring in a really high level of amenity to these buildings. “ e have more than ,000s ft across the development and that includes a residents’ lounge, a cinema room.

“The bulk is in Sirocco, including a management suite and leasing office. That’s about having our team members on-site, visible to residents and people who are coming to look at the properties.

“They’re there for the leasing process but also for when people are living here to build the community and to be on hand for when you need them. “ e have a business lounge so if people are working from home they can come out of their apartments. “ e also have a fitness suite up on the 3 th oor so it has ama ing views all around London.

It has private treatment rooms so if people are working with

25

Years Greystar has been creating and managing multi-family rental communities in the US

rent the new way to

we take a look inside Sailmakers – the flagship UK development from Greystar

Ostro also houses a cinema room for residents to use

Wharf Life Mar 28-Apr 11, 2019 wharf-life.com

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Property

Bella says Greystar wants to bring its expertise from the US market to the UK

Left and below left, amenity space in Ostro includes a residents’ lounge complete with pool table

Left, properties at Sailmakers are usually let on a furnished basis with flexibility for those who have specific needs

a personal trainer or a physio, then they can bring them into the community and use that space.

“We’ll also run a certain number of fitness classes a week that residents can book onto.”

With a portfolio of around 1,700 rental communities worldwide and 460,000 apartments to let in the US alone, Greystar believes the time is right to bring its product to the UK market.

Bella said: “What we’re trying to achieve here is to bring over all the knowledge and experience from the US market where we’ve been operating for 25 years there.

“The industry is shifting towards providing professionally managed rental housing and that’s really what we want to do.

“We see a huge opportunity – there’s a well established imbalance here between supply and demand and it’s about delivering a community for renters where they can benefit from an apartment that’s specifically designed for rental.

“For example, our two-bedroom ats have two bathrooms. Usually we try to not have them next door to one another so there’s a bit more privacy. They’re made for sharing.

“What we see globally is a trend towards urbanisation – more people living in the big cities – not just in London but in cities all over the world. Renting within that has a number of drivers.

“Availability of housing to buy or rent is certainly a factor. I think a lot of it is also about exibility and changing demands and needs of the people who are renting.

“That’s really what Greystar is providing – the ability to live in a community, with the services and with like-minded people.

“We run events, we have pool tournaments, we might have a wine and cheese tasting evening, cinema nights and things like that.

It’s for people who want to make that choice.

“At this development, the majority of our residents are working locally. But there is a mix of different types of households within this building – that’s what we mean by multi-family.

“All of them can come into a

community programme that we’re running.

“A community is ultimately driven by the people that live in it and we’ll do events to try and fit that. But we’re always trying to take direction from our residents about what they want. There isn’t any one-si e-fits-all for all Greystar communities. It’s not a cookie-cutter approach.

“What we see in Sailmakers is lots of different types of people living here. It’s people that want to live in a building that has the on-site management, the amenities and the service.

“Not everybody has to come up and play pool every Thursday night. It’s about the community team working with the residents to deliver what they want.”

Sailmakers is located within easy walking distance of Canary Wharf and is closest to South Quay DLR. One, two and three-bedroom apartments are available now with prices starting at £2,200, £3,200 and £4,400 per month respectively.

Go to sailmakers-london.co.uk or call 020 3595 4930 for more information

“

What we see globally is a trend towards urbanisation – more people living in the big cities Bella Peacock, Greystar

community like Sailmakers and find something that works for them. Some people might just want to come home to an apartment and know that if they have a parcel, they can collect it easily and, if they have a service request, they can let the team know on the way out in the morning and get it sorted.

“Others might be new to London or the area and really want to engage with the events and the

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contact Vantage Properties on 020 7510 1050 or email london@vantage-uk.com for more about this property or similar homes on the agency’s books

joint package offers buyers at Kidbrooke Village a smart approach to energy use

£649

Starting price Energy Home Berkeley Hom

The temperature in each room of an owner’s property can be controlled independently with smart technology from E.ON

By Jon Massey

The apartment is located along West India South Dock

featured property

Meridian Place, E14 £600,000 - leasehold Located along South Dock within a portered development, this spacious two-bedroom, two-bathroom apartment features a large reception room with views towards the dock.

Meridian Place benefits from a peaceful location along South Dock within a close proximity to the array of bars, restaurants and shops along the water front.

For transport into central London and the City, South Quay DLR Station and Canary Wharf Jubilee line station are easily accessible.

The property boasts two bathrooms This property would make for a great investment opportunity as well as a great home for the working professional and or young family looking in the area.

Go to vantage-uk.com for more details

The property is near South Quay DLR and within walking distance of Canary Wharf

B

erkeley Homes is promising buyers cheaper bills and greater control over their carbon footprint thanks to its collaboration with energy supplier E.ON. Together they’ve come up with the Future Energy Home package, now available in new apartments at the developer’s Kidbrooke Village scheme in the Royal Borough Of Greenwich.

Controlled via a single hub designed by E.ON, the system features lighting, power and heating products that buyers can choose from. For example, smart thermostats and radiator valves allow smartphone location data to be used to control heating as residents approach or leave their home, the adjustment of temperatures from anywhere using a smart scheduling app and the programming of independent temperatures for each room in the property.

Smart light switches and plug sockets mean homeowners can adjust the lighting, set timer schedules and control lights while they’re away as well as control appliances remotely.

E.ON also offers a clean tariff bolt-on for owners’ monthly fuel usage, allowing the company to source 100% renewable electricity in the UK and to support projects worldwide contributing to CO2 reductions.

All of the above can be managed via E.ON Home – specially designed software that combines data from all connected electrical devices in the home on a single tabletbased platform and gives customers an overview via a digital dashboard.

The Future Energy Home package starts at £649 for a studio or one-bedroom apartment fit-out and is offered to buyers following the purchase of their home so selected options can be installed before they move in.

Berkeley Homes divisional managing director Karl Whiteman said: “If we want sustainable living to be second nature then we need to

“

Keeping costs down is a priority for many of our buyers and we want to make it easy for them Karl Whiteman, Berkeley Homes

Wharf Life Mar 28-Apr 11, 2019 wharf-life.com

19

Property

e for the Future Package by mes and E.ON

Surveyors say Brexit is taking its toll on the property market more than any other factor

got you’ve

the power

The E.ON Home software can learn an owner’s habits over time, enabling it to predict when residents will return home and adjusting energy use accordingly

offer our customers the tools to make this happen.

“Keeping costs down is a priority for many of our buyers and we want to make it easy for them to save money in a way that doesn’t compromise their busy lives.

“Often, the reality of implementing more efficient practices means opting for changes that on a day-to-day basis are too inconvenient – by offering this package with E.ON, we want to change that.”

E.ON UK chief executive Michael Lewis said: “So-called smart homes are incredibly complex and it is our job to make them simple, intuitive and an easy fit with people’s busy lives.

“At E.ON we want to offer all of our customers a personal energy solution

The Future Energy Home package is available for homes at Kidbrooke Village’s Agora Court phase, above

and our work with Berkeley makes that a reality by offering customers the chance to install these exciting technologies before they’ve even moved in and by giving them instant control over the energy side of their home in a cost-effective and straightforward way.”

E.ON smart meters are fitted as standard to all properties at Kidbrooke Village, generating data that can be accessed via E.ON Home.

The Future Energy Home package is currently available in apartments at Kidbrooke Village’s Agora Court and Centrum Court phases, where prices start at £355,000 for a studio and £385,000 for a one-bedroom home.

Go to kidbrookevillage.co.uk or call 020 8150 5151for more information

surveyors lament bleakness of Brexit as uncertainty bites

By Jon Massey

I

t’s a result that will shock few. The UK’s surveyors have cited Brexit uncertainty as the biggest single factor holding back the residential sales market.

The Royal Institute Of Chartered Surveyors (RICS) latest survey of its members saw 77% of respondents name the machinations around Britain’s attempts to leave the European Union as the greatest challenge for the sector.

In addition, 71% believed Brexit uncertainty was having an impact on both buyers and sellers. A mere 8% said it was of no consequence.

Beyond Brexit, the major concern for surveyors was the lack of stock on the market, with the number of properties on estate agents’ books falling to a record low in February and a decline in new instructions for respondents also recorded.

While the study found the volume of agreed sales also slipped in nearly all parts of the UK and the time it took to sell a property was also at its joint longest since the question was added to RICS’ survey two years ago, there was some optimism about the long term among its members.

A net balance of 23% of respondents said they

anticipated sales returning to growth at the 12 month horizon.

While most surveyors reported price falls in the weakest figures recorded since May 2011 and that negative feedback came from across the country, sentiment for the year ahead remained positive with surveyors expecting growth to resume across most parts of the UK, excepting London and the South East. Across every region the average number of sales per surveyor was below average except in Wales

London remains negative In the lettings market, tenant demand posted a modest monthly increase, while the indicator on new landlord instructions remained negative for a 29th successive month.

On the back of this, rental prices were expected to grow by most surveyors over the near term with a net balance of 22% expecting rises.

RICS releases monthly surveys on the state of the housing market in the uk.

Find them at rics.org

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Computer generated image of Birch House is indicative only. Prices and information correct at time of sending to press. *Timing is approximate only. Source: www.tfl.co.uk. **Stamp Duty applicable to owner/occupiers, on selected plots and for a limited time only, subject to status. †London Help to Buy is subject to the Homes and Communities Agency’s (HCA) terms and conditions and is available on new build homes up to £600,000 to customers where the property represents their only residence. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CHECK THAT THIS SCHEME WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT FINANCIAL ADVICE.

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Caspian Wharf, E3 A fantastic two-bedroom, two-bathroom apartment with wood-decked balcony facing front courtyard gardens. Includes under-floor heating, audio entry, secure bike unit and concierge. Close to Bow. £1,650 pcm

Aqua Vista Square, E3 This one-bedroom apartment is situated on the fifth floor overlooking the Limehouse Cut. Development features include bicycle storage, communal gardens/roof terrace and concierge. £1,400 pcm

Rosegate House, E3 Modern two-bedroom apartment in a gated scheme comprising two double bedrooms, a huge open-plan reception/kitchen room, two bathrooms (one en suite), and an allocated parking space. £1,600 pcm

Ocean Wharf, E14 This spacious two double bedroom un/furnished apartment on the fourth floor has wooden floors, a fully fitted kitchen, master bedroom with en suite bathroom and large balcony with direct river views. £1,890 pcm

Tufton Street, SW1P This two-bedroom, two-bathroom apartment is situated in the heart of Westminster and benefits from a well equipped fitted kitchen, oak strip wood flooring, comfort cooling and underfloor heating. £3,650 pcm

Aqua Vista Square, E3 A contemporary one-bedroom apartment on the fifth floor of this modern development overlooking the Limehouse Cut. Located in Bow, minutes from Canary Wharf it’s also within easy reach of the City. £330,000 LH

Meridian Place, E14 A two double bedroom, two-bathroom apartment on the fourth floor with porter facilities and secure parking. Also has views of the Dock and Canary Wharf, close to South Quay DLR. £600,000 LH

41 Millharbour, E14 A two-bedroom apartment on the ninth floor of a building in the heart of the Docklands.

Fully fitted kitchen with all appliances, balcony, lifts and a concierge service. The property is five minutes from South Quay DLR and local amenities. £1,685 pcm

Manchester Road, E14 A top floor two-bedroom unfurnished apartment.

Good size reception room, fitted kitchen with appliances, laminate flooring to reception room, entry phone system and allocated parking. £1,350 pcm

Wharf Life Mar 28-Apr 11, 2019 wharf-life.com

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A modern apartment with views over the City.

1

4

4

2

2 Millharbour, Nr Canary Wharf E14 41 Millharbour is well located and within close proximity of all the shops, bars and restaurants in Canary Wharf. Transport links can be found at both South Quay DLR (0.2 miles) and Canary Wharf Tube Station (0.6 miles). All times and distances are approximate.

• 2 private parking spaces • Picturesque views towards the City • 24 hour concierge services

Christopher Paxton looks forward to helping you. christopher.paxton@knightfrank.com 020 3641 5890

Guide price

£2,250

per week knightfrank.co.uk Connecting people & property, perfectly.

All potential tenants should be advised that, as well as rent, an administration fee of £288 and referencing fees of £48 per person will apply when renting a property. There will also be a £48 charge to register your deposit with the Tenancy Deposit Scheme if applicable. (All fees shown are inclusive of VAT.) Please ask us for more information about other fees that will apply or visit www.knightfrank.co.uk/tenantfees. Knight Frank is a member of the ARLA Client Money Protection Scheme and our redress scheme for consumers is Property Redress Scheme.

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BETHNAL GREEN E1 THE CITY FRINGE • STUDIO, 1, 2 & 3 bedroom apartments located around a central piazza • Priced from £399,500 to £840,000 • Buy with a 5% DEPOSIT - from as little as £19,975* • HELP TO BUY LONDON available • Stratford, Canary Wharf and Tottenham Court Road all WITHIN 10 MINUTES from nearby Whitechapel Crossrail station (2019) • 7th floor COMMUNAL ROOF TERRACE with exceptional views • Occupations from MAY 2019

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STAMP DUTY PAID ON SELECTED PLOTS* AWARD WINNING WHAT HOUSE AWARDS 2018

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Altitude Point, Aldgate E1

£950,000 L/H

This three-bedroom dual aspect luxury apartment is set on the 11th floor of a modern and popular development with 24hr concierge services located close to both, Aldgate East and Whitechapel stations. The internal accommodation measures approximately 861 sq. ft. and offers an open plan, fully integrated kitchen extending onto a bright, south facing living/ dining room which opens onto a private balcony. Two bedrooms, a double plus a single, are served by a full-size bathroom, whilst the master bedroom has its own ensuite shower room.

City & Aldgate: 020 7488 2777

Goodman’s Fields, E1

£850 pw*

This luxury two bedroom apartment is set on the 17th floor of Perilla House with access to all the facilities within Goodman’s Fields. The semi-enclosed kitchen extends onto the living room featuring a winter garden offering wide views of the City. The master suite has dual aspect views and there is a second double bedroom and a family bathroom. A prime location walking to the City.

City & Aldgate: 020 7247 3888

Upper Riverside, SE10

£680 pw*

Baltimore Wharf, E14

£595 pw*

A brand new, three bedroom, two bathroom 16th floor apartment in this emerging riverside neighbourhood close to North Greenwich station. The west facing living area and the master bedroom suite afford spectacular panoramic views of Greenwich, the O2 Arena and Canary Wharf. With access to concierge services, three gyms, a swimming pool and a residents’ club.

Spacious and light two bedroom apartment with two balconies in a waterside development located minutes from Crossharbour DLR station. This west facing seventh floor apartment offers an open plan kitchen/ living /dining area, two bedrooms (master ensuite) and two bathrooms. Baltimore Wharf offers 24hr concierge services and onsite fitness facilities.

Greenwich: 020 8853 8979

Pan Peninsula: 020 7536 7900

Kingsbridge Court, Isle of Dogs E14

£464,995 L/H

A modern two bedroom waterside apartment with secure underground parking located in a quiet residential development on the Isle of Dogs.

The accommodation is arranged on the raised ground floor and measures approx. 704 sq. ft. of internal living space. The property comprises an open plan kitchen / dining / reception room flooded with light and featuring double glass doors to a private balcony overlooking the sailing club of Millwall Dock. The master bedroom has an ensuite shower and built-in wardrobes and bedroom two has a large, separate family bathroom.

Docklands: 020 7510 8445

Canary Wharf Office

City & Aldgate Office

Docklands Office

Elephant & Castle Office

London, E14 4AW

London, E1 7PT

Road, London, E14 3QL

London SE1 6FS

Tel: 020 7515 1000

Tel: 020 7247 3888

Tel: 020 7510 8444

Tel: 020 3869 2888

canarywharf@chaseevans.co.uk

city@chaseevans.co.uk

docklands@chaseevans.co.uk

onetheelephant@chaseevans.co.uk

Horizon Building, 15 Hertsmere Road,

Chaseevans.co.uk

122 Whitechapel High Street,

St. David’s Square, 320 Westferry

*Fees apply

One The Elephant, 5 St Gabriel Walk,

Wharf Life Mar 28-Apr 11, 2019 wharf-life.com

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Arena Tower, Canary Wharf E14

£685,000 L/H

A delightful one bedroom apartment in this stunning landmark development overlooking Millwall Dock. Measuring approx. 575 sq. ft. the internal living space comprises an open plan kitchen/ living room, an ample sized bedroom and a smart bathroom. The apartment is set on the 40th floor and has an unusually large private balcony with far reaching views of E14. South Quay and Crossharbour DLR stations are both a few minutes’ walk away. Residents have access to a 24hr concierge and a cinema room. Fitness facilities are available at Baltimore Wharf nearby.

Pan Peninsula: 020 7536 7901

Cold Harbour, E14

£465 pw*

A spacious, second floor two bedroom riverside apartment in a quiet and gated development on the banks of the Thames. The open plan kitchen expands onto a bright dining / living room and has access to a balcony. The master bedroom suite has a shower room, opens onto the balcony and is fitted with wardrobes.

There is a further double bedroom and a family bathroom.

Docklands: 020 7510 8444

Elephant Park, SE17

£460 pw*

Waterside Heights, E16

£380 pw*

Set on the second floor of Ferraro House, forming part of the Elephant Park development, is this new and stylish one bedroom apartment. Well furnished, the property offers a light open-plan kitchen/ living area with access to a south facing balcony, an ample double bedroom with a built-in wardrobe and a modern bathroom. Walking to the Elephant Park transport hub.

This modern two bedroom fourth floor apartment with a large south facing balcony is set within a contemporary riverside development in London’s Royal Docks, a short walk from Pontoon Dock DLR station. The accommodation comprises a spacious open-plan kitchen/ living room with direct balcony access, two double bedrooms and a family sized bathroom.

Elephant & Castle: 020 3869 2888

Canary Wharf: 020 7515 1000

Panoramic Tower, Poplar E14

£360,000 L/H

A bright fifth floor one bedroom apartment in a modern development in Poplar. Measuring approx. 523 sq. ft. this is a west facing property with open plan living incorporating a stylish, fully integrated kitchen and featuring floor-to-ceiling sliding doors leading onto a private balcony. The good sized bedroom has a built-in wardrobe and there is a family size bathroom. Panoramic Tower provides 24hr concierge services, access to an onsite gum, rooftop terrace and a residents’ lounge. Langton Park DLR station is within five minutes’ walk.

Canary Wharf: 020 7510 1001

Greenwich Office

Pan Peninsula Office

Head Office & Property Office

London, SE10 9EJ

London, E14 9XP

London, SE1 6EE

Nine Elms

Tel: 020 8853 8979

Tel: 020 7536 7900

Tel: 020 3869 2190

Tel: 020 3869 0388

greenwich@chaseevans.co.uk

panpeninsula@chaseevans.co.uk

strata@chaseevans.co.uk

nineelms@chaseevans.co.uk

1 Crescent Arcade, 279 Creek Road,

Pan Peninsula, 1 Millharbour,

Strata Tower, 10 & 12 Walworth Road,

*Fees apply

Nine Elms Office Coming soon...

Chaseevans.co.uk

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