London Midcity Bloomsbury, Clerkenwell, Farringdon, Barbican 2018
RESIDENTIAL RESEARCH FOCUS ON: PARSONS GREEN 2016 LONDON MIDCITY BLOOMSBURY, CLERKENWELL, FARRINGDON, BARBICAN 2018 CONNECTIVITY DEVELOPMENT PIPELINE FORECASTS FIGURE 1 FOCUS ON: MIDCITY Midcity, the central residential location sitting between the West End, the City of London, the South Bank and Kings Cross, is now becoming a focal point for development. Significant improvements to local outer London, the home counties, the City infrastructure, not least the opening of of London, Canary Wharf and three of 34% the Elizabeth Line, which will augment London’s five airports. Farringdon’s credentials as one of the best The new links add to more than a decade Average outperformance of property connected areas in London, have been of continuous improvement to transport prices within a ten minute walk of the catalyst for developers beginning new Farringdon station since the Elizabeth infrastructure in Midcity, which began in projects. The eight largest schemes under Line was approved in 2008. 2007 with the opening of the Eurostar construction or in the pipeline will deliver terminus at St Pancras International that more than 2,000 private units over the next ferries passengers to Paris and Brussels. three to five years (Figure 4). The choice of destinations has since been These new developments will bring more expanded, and passengers can now catch residents to an area which, due to its central direct trains from the terminus to locations FIGURE 2 location, has always been economically Housing delivery in Camden, including Avignon and Amsterdam. diverse. The residential community includes Westminster, Islington and City For journeys further afield, London City, of London homeowners and renters working in the Heathrow, Gatwick and Luton airports can nearby technology, media, legal and all be reached within 45 minutes on the train financial hubs as well as students from three or underground from Farringdon station.
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