The 2012 Olympics are also now only just over 12 months away and the expected rental demand for the 60 day period is expected to be huge across London, but heavily concentrated in the Centre and to the East along the Jubilee line. The levels of rental income we are expecting to achieve will be between three and four times the normal rent for this period.
Posts with tag "docklands"
South Quay or the so called Millennium Quarter area of Docklands is still proving to be the biggest winner in the upturn in rental demand from both corporate and private tenants. With luxury new developments such as Pan Peninsula, Ability Place, Landmark and Discovery Dock setting the pace, many rents are up over 5% on 2010′s figures.
Rental apartments in Canary Wharf and the Docklands area are still in extremely high demand and prices are still on the up. One bedroom apartments in developments such as Lanterns Court, The Landmark, Pan Peninsula and Ability Place are disappearing from the market at record speeds and the prices achieved on many occasions are in excess of 15% on those achieved last year.
The first round of Lanterns Court apartments completed in late November and proved an instant success on the lettings market. The central location and contemporary specification proved to be a real winner with corporate and private tenants alike with most of the one beds having been let within hours of coming on to the market.
Lanterns Court due to complete in November this year is already cutting a striking figure on skyline of the Millennium Quarter in London’s Docklands. The development’s sharp edges, light cladding and cylindrical tower are certainly eye catching and ultra contemporary. This brand new development by City and Docklands is a mix of mainly one bedroom and two bedroom apartments and was designed by award winning architects Squire and Partners.