Canary Wharf remains a stronghold for both experienced and
first time foreign property investors.
The variety of properties available, stable demand and continued
developments within the area mean that a guaranteed return on investment can be
accomplished for both long and short term strategies. But what is it that makes Canary Wharf so
bankable?
Location, location, location
The continued shift in focus from London’s Central core has meant that other opportunities have emerged in some of London’s lesser known districts.
The East End of London was traditionally known for its gritty inner-city neighbourhoods, with the recent emergence of hipper areas due to rapid gentrification. Home to the headquarters of HSBC and Citibank, Canary Wharf beholds the most expensive institutions in the UK. It is no surprise then that Canary Wharf has become the first East London district to assert itself as a genuine Prime Location.
Stable Growth
Growth in the district is stable, with property prices in Canary Wharf projected to rise higher than Central London and Greater London developments. We expect a minimum of 37% growth in the next four years alone.
Crossrail Project
The completion of the Crossrail, Europe’s largest infrastructure project, in 2018/19 will further increase the profile of Canary Wharf, driving price growths of up to 43.7% between 2014 and 2020 (JLL Crossrail Tool 2015).
The project will bring 1.5 million people within a 45 minute commute of London, and is already generating more consumer and developer interest amongst London neighbourhoods, like Canary Wharf, that feature on the 38-station route from Reading to Shenfield in Essex.
Diverse Commercial Sector
The diverse nature of commercial occupiers protects Canary Wharf’s status as a key employment hub. The desire for employees, contractors and corporates to be within close proximity of their workplace and the London City Airport means that the demand for residential properties will always remain.
New Sources of
Capital
The Canary Wharf Group Plc, the property company formed to
manage and develop the district, was recently purchased by Qatari Investment
Authority and Brookfield Property Partners LP.
This new source of capital in the area promises more investment
including the build of more residential properties on the site.
So where to invest?
There are a number of investment opportunities in the region
available including South Quay Plaza, a landmark waterside development standing
68-storeys high.
Get in touch to find
out more about this development and other opportunities available using the
form or contact details above.