Blackwall Reach One of ’s most significant regeneration projects 1

Blackwall Reach, London E14

Blackwall is a place with a rich history and an exciting future. Blackwall Reach is set to transform the local area providing 1,575 new homes, beautiful open spaces, new shops and community facilities, delivered over four phases.

The first phase comprises a collection of contemporary 1, 2 and 3 bedroom apartments and penthouses, many of which will offer stunning river or city views. Included in this is a remarkable 24-storey tower, which will anchor the heart of this vibrant community.

Formerly a pioneering 1960s urban estate, Blackwall Reach is fast becoming one of Europe’s most dynamic regeneration schemes.

This welcoming community thrives thanks to its impressive transport links and open spaces, which will include a revitalised Millennium Green, and will be expanded thanks to Station Square.

Blackwall Reach has been designed to engender the same sense of community as its historic predecessor. Designed to create a strong sense of arrival at Blackwall DLR station, Blackwall Reach will establish a benchmark of quality in the area. Expect nothing but excellence from the eco-friendly specification at Blackwall Reach.

The residences

All the apartments and penthouses at Blackwall Reach have been designed to provide luxurious comfort, with a five-star concierge service to make your life stress free.

From stylish kitchens and bathrooms to winter gardens, each apartment features underfloor heating, engineered timber flooring, large format porcelain tiles and built-in sliding wardrobes. Come home to style at Blackwall Reach.

Features

–– 5-star concierge service –– Residents’ lounge area to each building –– Tranquil park and landscaped areas –– Shops and community facilities –– Cycle store –– 10 year NHBC warranty Blackwall Reach 2–3 London E14

Ideally located for the & City and Caledonian Road Stratford

Blackwall Reach is perfectly London is still the capital for global business King’s Cross St. Pancras placed with easy access to and at Blackwall Reach you’re perfectly located within easy reach of London’s Old Street the global business and employment hubs. Canary Wharf, for Euston employment hubs of the example, with its global businesses, fine bars, cafés, restaurants and over 200 fashion Liverpool City and Canary Wharf. stores, is conveniently located just eight Street Bond Oxford Moorgate It is an ideal place for one minutes away. The City is also close by. As Street Circus High Street of the 420,000 people who Blackwall Reach is just a short walk away work in these locations to from Blackwall DLR, you’re also able to reach the international bars, Michelin starred Piccadilly Covent Tower Canning Custom House Circus live. But, it’s also easy to restaurants, live shows and all the West End Garden Bank Gateway Poplar Town for ExCel has to offer. To Heathrow access the West End. In fact, Airport Leicester Square Blackwall Blackwall Reach is enviously Blackwall DLR Station offers quick and easy close to everything London access not just to destinations Charing Cross has to offer thanks to but to and beyond. From here you can be at Canary Wharf in eight Canary Embankment Wharf Blackwall DLR, which is a minutes, Stratford International for Westfield short walk away. shopping in 11 minutes and St Pancras, with London Bridge North its trains to Paris and Belgium, in just 26 Waterloo & City Airport minutes. is only ten Crossharbour minutes away and with soon to open at Canary Wharf, links between Blackwall Reach and the rest of London will be even easier.

Crossrail, set to begin operation in 2018, Elephant & Castle is just eight minutes from Blackwall Reach. Greenwich Arsenal Travelling both east and west will be even faster and more efficient. Crossrail will shorten travel times to Bond Street (13 minutes) and Heathrow (39 minutes). Blackwall Reach will be one of most well connected new developments in London.

Average travel times in minutes

Canary Wharf 8

Bank 12

Oxford Circus 23

Liverpool Street 6

Paddington 16

By DLR Crossrail: due to complete 2018 Blackwall Reach 4–5 London E14

L o w e r C la p t o n R o a d

Homerton eet University Hospital Ho Str High Stratford International Highbury & Islington

Stratford

Old Regent’s Park Market

Central St. Martins 7

0 Angel 1 Victoria Park University of East

College of A R The Olympic Park Art & Design E G London E N T ’ S

oad ney R C

Hack A

d N

St. Paul’s a A Westfield King’s Cross o Bow Road

L

R Cathedral

St. Pancras London College h

Bethnalt Green a

City University of Fashion e H Mile End

London e

Euston g

d

i r

St Paul’s Cathedral b

m West Ham a

C Queen Mary University Euston Shoreditch University College Guildhall School of London by Bow Square High Street Birkbeck London of Music & College Barbican Drama Holborn Farringdon Liverpool Street Barts & London School of University of University of Medicine & Dentistry Court Road Whitechapel London Technology Centre Metropolitan Canning London School of Economics St. Paul’s University Langham Park Town & Sciences East Oxford Circus Leicester Bank Square Fenchurch Kings College Street Blackfriars Shadwell University of Piccadilly London Monument BLACKWALL Cumbria London Circus REACH London City Hyde Park HMS Belfast Tobacco Dock Airport Shakespeare’s UCL School of Globe Management Charing Cross Waterloo London Bridge Canary Wharf London University Westminster North Canada Water Greenwich

Crossharbour

Elephant 3 & CastleA

Mudchute

Tower of London

Big Ben and Palace of Westminster The O2 Greenwich Blackwall Reach 6–7 London E14

Canary Wharf overview

Located next to the River The redevelopment of Canary Wharf from Elizabeth Line Thames, to the east of the abandoned docklands area of the 1980s central London, Canary to one of Europe’s largest business districts has been a steady process. What has Brentwood Shenfield Wharf is one of London’s emerged is a busy and bustling office and 41min commercial area where over 120,000 people Gidea Park36min newest buzzing districts, a come to work daily. Reading mere 30 years old. The area 66min 29min 32min The area is home to the world or European Maidenhead Seven Kings23min is one of Europe’s largest 54min headquarters of major banks, professional Twyford60min commercial office districts Manor Park19min 27min services firms and media organisations Burnham 48min Goodmayes and is now a thriving including , CITI, HSBC, KPMG and 21min Taplow 14min 51min Thomson . Over the more Maryland multi-use neighbourhood Langley Illford 17min recent period the district has also become 42min 10min Slough with modern office buildings, increasingly known as a centre for 45min 12min restaurants, retail, technology, media and entertainment. Iver 37min Stratford 39min Broadway 25min 17min Bond Street 13min Tottenham Court Road 11min Farringdon 8min Liverpool Street 6min Whitechapel 3min Acton Mainline 21min 30min 26min 27min entertainment, nightlife Hayes& Harlington 33min 8min Now, with the area having a unique waterside and open spaces that make location, Canary Wharf is also recognised the area so popular. as a well maintained and beautifully landscaped space. It is a vibrant district that is well-connected by air from London City Heathrow 39min Airport, Underground via the ,

an two stations and by it n Woolwich t ol r riverboat access via the Thames River Bus al c e 8min tr e ri adilly t R zabeth 3min vergroundakerloo is L ubilee etrop orth ictoria li pier. The new Crossrail station will further Cen O B Circl D D HammersmithJ &M City N Picc V E Canary Wharf enhance connections to central London Custom House 12min and beyond.

The next stage in the redevelopment of Canary Wharf will be the imminent arrival of the Elizabeth Line (also known as Crossrail), due to open at Canary Wharf in 2018. The new east-west cross-London route will provide a high-frequency commuter and suburban passenger service linking Heathrow, Bond Street and other central London locations in the west to Canary Wharf, Abbey Wood and Shenfield in the east.

Canary Wharf Crossrail station Blackwall Reach 8–9 London E14

City of London overview

Tech City and emerging tech clusters

The City, or Square Mile, is The City is one of London’s prime business The rise of the sector began from its the epicentre of London hubs. It accommodates traditional epicentre at Old Street in Shoreditch, with Angel business. It currently hosts companies across the financial services, a cluster of emerging technology companies accounting and insurance sectors but now at Old Street roundabout. This has now Kings Cross almost 400,000 workers with also hosts numerous creative and tech expanded with more than 3,200 tech companies. Over the past decade, the core companies per square kilometre now Tech City a further 50,000 expected Shoreditch office market has expanded into the City’s concentrated in the area, which today is over the next decade. This, border area into districts like Clerkenwell, known as Tech City. This spread has in-turn combined with a raft of other Shoreditch and Old Street. New ‘Grade A’ led to the emergence of new clusters of office space has sprung up in these markets, digital and tech companies in areas including factors, means residential replacing the older stock and attracting Clerkenwell, Angel and Kings Cross. This developments in the vicinity numerous high profile companies. As a is resulting in a further influx of workers The City will be in high demand. result, these areas are now considered part and residents to the City and border of the core office markets in London. neighbourhoods. The established market Blackwall in the City border is forecast to continue Reach East India to attract companies, resulting in further Dock Largest forex market share by turnover growth in the area’s workers and residents. in the world Combined with this is the continued expansion of the City workforce which is London Bridge/ Canary forecast to grow by an additional 50,000 Wharf workers over the next decade. Together, 37% this will contribute to a consistent and strong demand for homes in the City, Over the last few years the City and border City Fringe and surrounding areas, such markets have also benefitted from an as Tower Hamlets. eastward migration of companies from the West End. In 2016 an estimated 500,000 sq ft of office space left the West End market and Percentage of UK financial services GDP moved to the City. Perhaps one of the main generated in London contributors to growth in both the City and its surrounds has been the exponential rise of the technology sector. The area now hosts Kings Cross Tech City Canary Wharf more than 10,000 technology businesses 50% that employ 70,000 people and generate £550m of regeneration means Kings The government formally announced its Canary Wharf is home to Europe’s over £12bn of annual revenues. Cross is now home to leading support to develop Tech City in 2010. largest financial-tech (fintech) and businesses, academic institutions and a Today the area hosts more than 3,200 retail start-up accelerator space plethora of organisations well technology firms per square kilometre situated on levels 24, 39 and 42 of positioned to develop London’s digital and is fuelling the emergence of new One Canada Tower. The area now economy. Overall the area will receive tech clusters. accommodates 170 fintech start-ups £4.5bn of investment and up to 30,000 spanning 80,000 sq ft of office space. people will be living, working and Clerkenwell studying in the area by 2016. Typically, East India Dock office rents in Kings Cross have traded Clerkenwell is a well-established cluster at a discount to the City core. However, with a high concentration of advertising, Creativity, connectivity and flexibility is average rents have now overtaken the marketing, communications and the ethos behind ‘’, a dynamic core and are currently priced at a 20% branding agencies. collaborative campus at nearby East premium, illustrating the level of will also open to Crossrail in 2018 and it India Dock, less than half a mile from demand for office space in the area. will further benefit from the £6.5bn Blackwall Reach, that will eventually improvement programme. provide a 650,000 sq ft affordable, Angel high-quality work and leisure London Bridge / Bermondsey environment. The first work and event Angel is Islington’s most significant spaces are anticipated to open in town centre. Many small businesses The area is experiencing increasingly October 2017. have been attracted to the area, which significant levels of startup activity, is increasingly growing in significance particularly in the tech and creative as a business cluster. industries. Blackwall Reach 10–11 London E14

Housing market

The housing market in E14 As shown in the below map, house prices in Apartments are the dominant type of housing This demand has been driven by strong The private rented sector has also grown has been a strong and steady eastern districts of London are far more in E14. On average around 935 apartments population growth following extensive strongly in recent years. Between 2008 affordable than those in central and west are sold each year in the area, equating to regeneration. The population of E14 has and 2014, the number of private rental performer over the last London. The E14 district (which includes 90% of total sales. Over the last five years, increased by 20% since 2011, and is households in Tower Hamlets has increased decade, with prices Blackwall Reach and Canary Wharf) shows apartment prices in the E14 postcode district projected to increase a further 17% over the by 84%. Focusing in on the area around increasing from an average average apartment prices in 2017 of between have risen by 38%. Similarly, in the area next decade. This means that new-build the scheme, there are 32,000 private renters £300,000 and £700,000, far below those on surrounding Blackwall Reach, flat prices stock is being quickly absorbed, with 61% of in the E14 postcode alone. of £293,697 in 2005 to the Southbank (over £1 million), City and City have grown by 30% over the same time all residential units under construction £517,065 by mid-2017. In Fringe (£800,000 – £1 million) and further period to an average of £561,000. Such a already sold off-plan. This increased demand for rented afield to the west where apartment prices in sharp increase in prices is a good indication accommodation in the local borough of comparison with other 2016 averaged well over £1 million. that there is a strong demand for residences Tower Hamlets has contributed to strong popular London business in this part of London. rental growth in recent years. The average and commercial districts, The Blackwall Reach development, situated rent has increased by 31% over the last this area of London is still within E14 9 sector is in a previously decade. In E14, average rents have undeveloped section of Tower Hamlets. House price growth last year grown by 22%. very affordable. To the south is the more established Canary Wharf development where apartments The Tower Hamlets area has a daytime regularly sell on average for over £700,000. working population of over 120,000. Many As London continues to expand to the 16% of these workers are private renters who east, drawn by the Crossrail development, commute to Tower Hamlets from other creative and technology hubs and access parts of London. New, high quality private to sporting, financial, shopping and rental stock in this area is a potential to technology hubs, this affordable area has draw for these commuters who may desire potential for strong growth. to be closer to their work and the East London cultural and lifestyle amenities.

Average apartment prices across London, 2017 Average price sold, Apartments (E14)

< 300,000 600,000 450

300,000 – 400,000 400 400,000 – 500,000 500,000 500,000 – 600,000 350 600,000 – 700,000

700,000 – 800,000 400,000 300

800,000 – 900,000 Transactions

900,000 – 1,000,000 250 300,000 > 1,000,000 200 E14 Post Code Average Apartment Price (£) Average

200,000 150

100 100,000

50

0 0 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017

Local area total sales (RHS) Local area apartment price (LHS) Source: Land Registry Blackwall Reach 12–13 London E14

London lifestyle Reasons to buy in London

241 22m 3 of the top10 most visited Professional Theatre visits theatres per year museums in the world 52,000 Undersupply of Centrally located Ease of access to are in London quality new homes between Asia and four main airports homes are required per North America 200 66 annum in London. Only Museums and Michelin star 24,800 were built in 2016 galleries restaurants World-heritage sites, 5,000 520 more than any other city More than Hair salons Hotels in western Europe Robust Low interest Population 4 economy rates increase 393,000 9,224 761 Cafes and Gyms employees work in the The restaurants . The world’s leading financial district

Favourable London is a leading technology and London is the only Gardens timezone research centre, with many city in the world to global brands relocating to the area have hosted the Summer Olympics

three times London population set to increase to 10 million by 2031, that’s 1.4 million Strong legal structure, London as a World class more people in the next 15 years asset protection and ‘safe haven’ education One of the world’s ‘greenest’ multi-cultural society

cities for its size Royal Observatory Greenwich

8 40% Palace of Westminster Large royal parks Total open green space. Favourable Crossrail is forecasted to drive growth by More than NYC, Berlin, Paris exchange 3.3% per annum over and above underlying and Amsterdam rates house price growth during its build Blackwall Reach 14–15 London E14

Blackwall Reach lettings investment

With over 15,000 private Key facts: renters in the E14 area earning over £40,000 Estimated rental Estimated per annum, the values £ per week rental yields underlying depth of demand for rental homes One bedroom £405 – £575 4.7% – 5.0% in this area is robust. Two bedroom £545 – £830 4.2% – 5.0%

Three bedroom £850 – £880 4.2%

Key services:

Full property Post completion Lettings service management service handover service

11%, 17%, £700, discounted for discounted for free of charge Tenant profile Blackwall Reach Blackwall Reach for Blackwall We have an extensive database of high-calibre clients, actively buyers to 8% buyers to 12% Reach buyers looking for luxury apartments in central London.

(All prices are subject to VAT at prevailing rate, currently 20%)

Tenant Nationality (Region of origin) % Tenant Occupation % Of those employed %

Europe, Middle East and Africa 69 Employed 61 TMT (Tech/Media/Telecoms) 32 Asia Pacific 19 Student 39 Finance 29 Americas 12 Arts and Entertainment 7 Legal 6 Property 6 Healthcare 6 Samuel Anderson Retail/Fashion 5 Lettings Manager - East London and City Energy/Oil 5 +44 20 7519 5931 [email protected] Government/Embassy 2 Retired 2 Contacts: Jennet Siebrits Joseph Selby Head of Residential Research Senior Director +44 20 7182 2066 +44 20 7519 5900 [email protected] [email protected]

Frida Skytt Senior Analyst +44 20 7182 2535 [email protected]

Sources: CBRE Research, DCLG, Land Registry, ONS, Rightmove

Disclaimer 2017 CBRE CBRE Limited confirms that information contained herein, including projections, has been obtained from sources believed to be reliable. While we do not doubt their accuracy, we have not verified them and make no guarantee, warranty or representation about them. It is your responsibility to confirm independently their accuracy and completeness. This information is presented exclusively for use by CBRE clients and professionals and all rights to the material are reserved and cannot be reproduced without prior written permission of CBRE. Images provided are computer generated. All travel times taken from TFL. © 2017 CBRE Ltd.