An article in this week’s CITY AM focused on the rise in the number of taller buildings undergoing construction in the capital. As a city with architecture dating back several centuries, there has been a reluctance to build ‘up’ but as the population of London is estimated to be growing by around 100,000 each year, high rise buildings seems to be the only solution. A high proportion of these new homes are in East London developments, where former industrial space is available for building.
Brits are certainly changing their perception of high rise living. While a few decades ago, many were suspicious, they are now embracing it as an attractive option, and at JOHNS&CO our clients –investors, owner-occupiers and tenants relish the opportunity to be part of this lifestyle. This is the result of forward-thinking developers ensuring that their schemes fully meet the requirements and needs of future residents. Developer Ballymore launched Pan Peninsula in Canary Wharf in 2009, one of the first high rise residential developments in this part of the city, with amenities that were designed for busy professionals who wanted a stress-free, luxurious standard of living. Since then, other schemes such as 21 Wapping Lane and New Providence Wharf – where JOHNS&CO manages a number of properties – have capitalised on their success, offering amenities such as swimming pools, gyms and a 24-hour concierge.
This is what professionals working in London have come to expect when renting homes, the perfect balance of luxury and location – many want to be a stone’s throw from the office. At JOHNS&CO, we currently have homes for sale at a number of new developments in London that would make for an ideal buy-to-let investment, appealing as they do to reliable and professional tenants. Please see here for current opportunities.