Live London - May 25-Jun 8, 2022 by wharf-life

+ David Galman on the trials of modern internet use as a tool for getting to the right place Page 18

May 25-Jun 8, 2022 wharf-life.com

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how 8 Water Street became the first of Canary Wharf’s residential rental buildings to reach full occupancy Pages 16-17 Property in Canary Wharf, Docklands, east London buy - rent - invest - interiors - commercial

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how Vertus’ 8 Water Street is the first build-to-rent building in Canary Wharf to be fully occupied by Jon Massey

10 George Street, above left, also boasts an extensive roof terrace just round the corner from 8 Water Street

here have been doubters. Some were swayed by the lazy stereotype of Canary Wharf as nothing more than a collection of monolithic towers filled with greedy bankers. That’s a position dated not only by financial services taking up less than 50% of the oorspace in , but also how far the retail and hospitality offering have come in recent years. Others drank deep from the well of prophecy filled to brimming by columnists and commentators predicting the death of the urban environment because Covid had seen some Londoners move to Eastbourne for a bit. ut under their radar, the estate had quietly been making a success of itself as a place to live as well as work. Wood Wharf continues to welcome restaurants and shops, with MMy Wood Wharf joining the li es of aw smoor, milia s Crafted Pasta and Amazon Fresh to add to its immediate attractions ittle wonder then, that Canary Wharf Group’s build-torent subsidiary, ertus, announced this month that pet-friendly scheme 8 Water Street had become the first of its three buildings to reach full occupancy. ertus managing director Alastair Mullens said: “The appetite for build-to-rent apartments in ondon continues apace, and with the exceptional living spaces on offer at ater treet and its location within the thriving new neighbourhood of ood harf, it’s easy to see why. “The building was launched in the middle of the pandemic, which makes reaching full occupancy ahead of schedule all the more remarkable. “It’s testament to the tenacity

The building was launched in the middle of the pandemic, which makes reaching full occupancy all the more remarkable Alastair Mullens, Vertus

of our lub ertus team who worked so hard to accelerate our programme of online events – and outdoor events when permitted – that we were able to cultivate such a strong sense of community when it was most needed. “The fact 8 Water Street is a pet-friendly building has also been a big attraction for many new residents.” Designed by architects Stanton Williams as a sister structure to neighbouring 10 Park Drive – a tower filled with apartments for sale – 8 Water Street houses 174 properties ranging in size from studios to three-beds. tself rising to oors, it boasts the largest roof terrace in ertus portfolio, a residents lounge, a screening room a private dining room and a self-service bar area. While 8 Water Street has reached full occupancy, ertus also currently operates two other buildings on the estate – Newfoundland and 10 George Street. The former is located to the east of the estate overlooking the Thames and features a diamondshaped diagrid exoskeleton supporting its 58 storeys and protecting the more than 630 apartments within. In the coming months the building is set to welcome a branch of high-end steak restaurant M. In contrast 10 George Street is just around the corner from 8 Water Street in Wood Wharf and houses homes with balconies, guest suites for visitors, a roof terrace, gym, bar and private dining room. ll ertus buildings offer on site management, hour concierge services, a residents app, fully furnished apartments, high speed broadband, combined utilities and inch s in all properties with licences included in the rent. Prices at Newfoundland start at , per month for a studio apartment and at , and , at eorge treet and Water Street respectively. Threebeds at Newfoundland start at , per month For more information about renting a property through Vertus call 020 7418 2600 or go to thisisvertus.com

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Properties rented at 8 Water Street in Canary Wharf’s Wood wharf

8 Water Street reached full occupancy ahead of schedule

up filling

Homes also are available in Newfoundland to the west of the Canary Wharf estate

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building the future by David Galman

hey said the internet would make our lives easier, speed up everything we do and simplify our lives. But has it? Or has it made everything that much more complicated? For the past few months, I have been trying to help one of my daughters deal with the aftermath of a car accident she had in February. The car was on finance (as many are), so the insurers use a different company to deal with the matter. The procedure goes like this. No-one returns a phone call. Emails are met with: “we will endeavour to respond within 5 days’’. Five. Days. They never do. No-one takes responsibility, no-one really cares, most of the people I speak to at the finance company and the insurers are working from home, hobbled by poor Wi-fi. No wonder – Netflix is probably draining the connection. Eventually, after far too many calls and emails, we have a settlement. The finance is paid off and there’s a surplus that will be the deposit on the next car. That won’t be until November, of course, due to the current supply issues. From pay and display to Just Giving, booking flights, theatre tickets or ordering a taxi, the internet is a wonderful tool. But it so often complicates matters. Am I a robot? Can I input a lengthy code perfectly first time? Progress is a wonderful thing, but it can also be difficult to embrace and increasingly complicated for the older generation. Maybe it was always thus, and the aggravation I find in simply changing one of the 234 TV channels was perhaps felt by my late parents We have to and previous generations when they saw a embrace change telephone or TV for the and progress, but first time. I do wonder if the please give the old folk internet has made us a chance and make it lazier. Type what you want into Google and easier on them there it is, or at least David Galman, Galliard Homes that’s how it appears. I am sure some people simply see the first company that pops up on the search engine and phone them with no clue if they have the right place. They don’t let me answer the phone much these days, in case my product knowledge isn’t up to scratch and also because, if it’s a good sales enquiry, it will take me too long to navigate our system to find the brochure, the price list and the fact sheet and organise viewings. But I did pick up a few this week and found myself redirecting callers to our sister lettings company Life Residential, for those who want to rent homes, others to housing associations for those looking to buy shared ownership properties and even one to Deliveroo, who was after a local source of chicken chow mein. I kid you not. So what is my conclusion? We have to embrace change and progress, but please give the old folk a chance and make it easier on them. 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 Scan this code to find out more about Galliard Homes and its developments in east London and across the capital

is your destiny by Jon Massey

eveloper Ballymore is set to host a 21st century take on a traditional fete at its London City Island development. ollowing a successful first iteration last year, the Islander Festival 2022 has been inked in the diary for July 23. The event will run from 11am6pm at Hopewell Square with a range of activities that promise to entertain, delight and feed the community. Kids can expect face painting and races alongside balloon modelling and lawn games. There will also be live music performances, exhibitions and fitness classes on offer, although full details of all attractions have yet to be finalised

A range of independent businesses and creative individuals based on the Island or living locally will also be showcasing their talents. A full complement of street food traders and bars will also be on hand to keep visitors to the event refreshed. Ballymore will be releasing more details about the festival in the coming weeks via its @londoncityisland Instagram feed and on its website. The event is free to attend and those wishing to keep in the loop can register online for updates. Go to londoncityisland.com for more information

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how the Islander Festival 2022 is promising a fully social, modern take on a traditional village fete

Day of activities at London City Island as the summer arrives

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The Islander Festival is now in its second year and, with restrictions related to the pandemic over, the latest event can take place unfettered

prop spot

buy on the Island

Food and drink will be on offer from traders and local businesses to keep all visitors to the event suitably refreshed

l Ballymore is currently selling new-build properties at London City Island near Canning Town station including a range of apartments and some riverside townhouses. Available flats range in size from two to four bedrooms and start at £685,000. The houses start at £1,450,000, are three-beds and are arranged over multiple floors.

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how Crossrail boosted the property market before a single train even ran along its lines An artist’s impression of how a residential development might look at the four-acre site in Canning Town

how Barratt Homes plans River Lea flats by Jon Massey

n 2010, then Mayor Of London Boris Johnson considered plans for a 679-home development on a parcel of land bordered by Bidder Street, Newham Way and the River Lea. The Greater London Authority’s response was that those proposals failed to comply with the then London Plan and that, even though certain remedies could be made to address this, Boris remained “unconvinced” that the plot was suitable for residential development at all. In the end, nothing was built and the land continued to be owned by waste management company European Metal Recycling (EMR). Disappointing for some residents and, indeed, to those engaged in the regeneration of Cody Dock as frustratingly, the pathway up the Lea remained blocked, forcing walkers and cyclists to divert through an industrial estate. At the end of 2021, however EMR’s property arm Praedius sold the four-acre site to Barratt Homes, which is now in the process of drawing up a fresh set of plans aimed at convincing current Mayor Of London Sadiq Khan that this riverside plot should be used for housing. The developer says it intends to bring forward plans for the site as a “green and sustainable place that connects existing and future communities and creates somewhere for people of all ages to enjoy”. The company is currently seeking the views of the local community as part of its planning procedure. It is holding two exhibitions on May 26 (4pm-8pm) and May 28 (1pm-5pm) to gather ideas at the Daisy Parsons Room in the Custom House and Canning Town Community Neighbourhood Centre. There will also be an online webinar on May 31 (noon-1pm) for those unable to attend the other meetings. Go to crownwharfplans.co.uk Scan this code to find out more about the Barratt London scheme

3.2k%

Increase in the number of people competing to rent properties near Custom House since 2010

by Jon Massey

lthough Elizabeth Line trains have only just started running, the Crossrail project has had a marked impact on property asking prices along its route over the past decade. Before anyone had a chance to experience the increased connectivity the railway delivers, anticipation has driven the market around key stations, according to figures from online portal Rightmove. The biggest rises have been in Newham, with average asking prices for properties near Maryland Station on the eastern branch of Crossrail increasing 108% from £233,500 to £486,200 since 2010. Similarly, Abbey Wood and Stratford rose 103% and 102% to £480,300 and £356,300 respectively. This compares with a London-wide average rise of 55% in the same period. Competition for properties in these locations has also seen a significant rise with the average number of buyers competing for a property in Abbey Wood now nine times higher than it was a decade ago. The Romford suburbs of Gidea Park and Harold Wood have also seen much greater competition with hikes of more than eight and seven times respectively. For renters, prices have also risen, with the largest increases seen along the western stretch of the railway. Asking prices in Slough and Burnham shot up 44% and 43% respectively. The market has also seen much greater competition among tenants as they look to secure homes that are both comparatively cheap but still offer decent commuting options. Custom House in Royal Docks, for example, has seen 33 times (3,270%) more enquiries per property than 10 years ago. Rightmove director of property science Tim Bannister said: “Our unique view of the whole housing market over the last 10 years really shows how many areas near stations that are now either better connected, or have seen their

riding the

journey times into central London significantly slashed, have received a lot of new attention from buyers and renters. “As the Elizabeth Line opens, it does so with a backdrop of record rents in London, a rising cost of living and a shortage of available homes. “Areas further out from central London which have lower asking prices or rents but are now more easily commutable, will be attractive to new buyers and tenants in search of somewhere affordable to live near the capital.” While some may feel they have missed the boat regarding these property hotspots, these rises all took place before the service launched. It’s not unreasonable to expect a further boost as the reality of the new connections sets in and people experience the new trains and stations.

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An Elizabeth Line train in service

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contact Landmark Estates on 020 7515 0800 or email info@lmlondon.com for more about this property or similar homes on the agency’s books The promise of a transport link can have a profound effect on the property market

The maisonette has a first floor balcony with views towards the Thames

featured property

Rembrandt Close, E14 Offers over: £470,000 - leasehold This split-level maisonette extends to a little over 800sq ft of space and has two bathrooms, two bedrooms and access to a shared balcony from its open-plan living area. Located on the Thames Path on the eastern edge of the Isle Of Dogs, the property is situated in a landscaped private estate within easy walking distance of Canary Wharf. The property comes with one off-street parking space with the option to secure additional spaces or purchase a garage within the estate for £25,000. Local amenities include the Ananda By Thames restaurant serving Indian cuisine by the river. Go to lmlondon.com

Scan this code to find out more about this property The property comes with its own off-street parking space

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MILLHARBOUR, E14 £4,000 PCM - FURNISHED

WATERGATE WALK, E14 £4,203 PCM - FURNISHED

This superb two bedroom, two bathroom apartment is situated on the 19th floor of this popular development, approximately 0.2 miles from South Quay DLR station. EPC: C

SHORT LET ALL BILLS INCLUDED: A selection of one bedroom serviced apartments in this new building with views over Canary Wharf. Includes weekly housekeeping. EPC: Pending

020 4502 7189 canarywharf@hamptons.co.uk

WATERGATE WALK, E14 £5,556 PCM - FURNISHED

DISCOVERY DOCK, E14 £2,800 PCM - PART FURNISHED

SHORT LET ALL BILLS INCLUDED: A selection of two bedroom serviced apartments in this new building with views over Canary Wharf. Includes weekly housekeeping. EPC: Pending

This stunning two bedroom apartment is situated on the 11th floor of the popular Discovery Dock development, well located for access to the Canary Wharf estate. EPC: Pending

020 4502 7189 canarywharf@hamptons.co.uk

HAMPTONS.CO.UK

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AMORY TOWER, E14 £700,000K - LEASEHOLD

DISCOVERY DOCK, E14 £850,000 - LEASEHOLD

DA GAMA PLACE, E14 £900K-£950K - FREEHOLD

This recently completed one bedroom apartment is positioned on the 18th floor of this spectacular building at South Quay. It measures close to 600sq ft and benefits from a south-facing balcony. EPC: B

Positioned on the 19th floor of this extremely well located development is this bright, dual aspect, two double bedroom luxurious apartment overlooking West India South Dock. Must be seen. EPC: D

If you are looking for that ‘Forever Family Home’ then look no further, this extended three double bedroom freehold house on the Isle Of Dogs has plenty of space to grow into. EPC: C

020 3930 4069 canarywharf@hamptons.co.uk

RINGWOOD GARDENS, E14 £310,000 - LEASEHOLD

PRESTONS ROAD, E14 £500,000 - LEASEHOLD

MORRIS ROAD, E14 £525K-£550K - LEASEHOLD

This bright, predominantly south-facing apartment is positioned on the top floor of this well located dockside private building just a short walk from Mudchute DLR. Comes with off-street parking. EPC: D

This spacious, contemporary styled two double bedroom apartment comes with use of a very large private sheltered terrace space, perfect for outside dining and entertaining. EPC: B

Measuring in excess of 800sq ft this ubercool warehouse style apartment retains many traditional features. The stylish two bedroom apartment also comes with parking. EPC: D

020 3930 4069 canarywharf@hamptons.co.uk

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GIVES YOU MORE POTENTIAL BUYERS, WHICH MEANS A BETTER PRICE FOR YOU. Call Felicity J Lord Canary Wharf on 020 7987 6776 or visit fjlord.co.uk/flink to learn more.

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Properties throughout Docklands, South and East London 4"-&4 t -&55*/(4 t 1301&35: ."/"(&.&/5

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be part of the Canary Wharf conversation To advertise here call 07944 000 144 or email jess.maddison@wharf-life.com

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