de­vel­op­ment within reach

The Wharf - - Property - Florence Der­rick

East Lon­don’s Royal Docks is ex­pe­ri­enc­ing a ma­jor re­gen­er­a­tion, with £314 mil­lion be­ing pumped into de­vel­op­ing the area. Rid­ing the wave of that boost is a col­lec­tion of new apart­ments at Pon­toon Reach, E15, from prop­erty de­vel­oper Redrow and one of Lon­don’s largest hous­ing as­so­ci­a­tions, Pe­abody.

Con­struc­tion on the Royal Docks site be­gan this week with a break­ing ground cer­e­mony on the va­cant, for­mer brown­field site in North Wool­wich Road.

The com­pa­nies’ first joint ven­ture, the scheme will cre­ate 295 apart­ments – from stu­dios to one, two and three-beds. Prices will start at £315,000. A third of them will be af­ford­able hous­ing, over­seen by Pe­abody.

“Pe­abody aims to start around 2,500 new homes in the next 12 months and we’re pleased to be start­ing on-site at Royal Docks,” said di­rec­tor of sales and mar­ket­ing Deb­bie Combs. “Work­ing with Redrow, the Mayor Of Lon­don and the Lon­don Bor­ough Of Ne­wham, this im­por­tant scheme will de­liver nearly 200 much-needed new homes. Pon­toon Reach will be a great ad­di­tion to this ex­cit­ing re­gen­er­a­tion area.”

The £125m com­plex will be set around a land­scaped com­mu­nal gar­den and each apart­ment will have its own ter­race or bal­cony.

In­side, un­der­floor heat­ing will be in­stalled through­out as well as in­te­grated kitchens.

At five min­utes’ walk from Pon­toon Docks DLR sta­tion and with the prom­ise of the nearby Cross­rail sta­tion at Cus­tom House due to open in 2019, the apart­ments should pro­vide res­i­dents with ex­cel­lent trans­port links to the City and Ca­nary Wharf.

“We are ex­cited to be start­ing work at our Royal Docks site,” said Redrow Lon­don man­ag­ing di­rec­tor Mark Parker.

“The £314m re­gen­er­a­tion which is tak­ing place over the next five years has the po­ten­tial to gen­er­ate more than £5mil­lion in in­vest­ment over the next two decades, and it’s fan­tas­tic to be a part of it.

“The joint ven­ture with Pe­abody fur­ther high­lights our com­mit­ment to de­liv­er­ing new homes for Lon­don­ers in key re­gen­er­a­tion ar­eas across the cap­i­tal.”

Go to redrow.co.uk for more in­for­ma­tion or call 020 3811 6211.

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