New developments to combine retail, office and home in Stratford
The firm Unibail-Rodamco-Westfield is widely known as the owner of the fabulous Westfield Stratford City shopping centre. They have now taken a step into the London rental market. Their latest investment is a share in a massive development next to the very shopping centre we know and love.
Construction is due to start in the coming months and completion has been set for 2023. So within a matter of years it will be possible to shop all day without the need for any transport other than your own two feet.
It is a move that is part of a new vision for the group, which generally invests in retail only. Olivier Bossard, group chief development officer said, ”This is an example of the group’s strategy to significantly increase the densification of exceptional and highly connected retail destinations by adding offices, residential, hotels and other uses.”
1200 rental homes coming to Stratford
It is a £670 million development which will provide approximately 1200 rental homes to people in the area. This will be a huge boost for the local economy as it will provide much needed rental properties. Alongside the apartments there will be an onsite pool and fitness centre in keeping with the high standard of living they envisage.
Bow is still giving consistently good value for money in the London property market for both rentals and purchases. The area has been transformed since the Olympics. It now offers an abundance of amenities and transport options which make it a much sought after location to live. Further regeneration plans like this one will only enhance the locality.
With a lot of ongoing property investment in the local Stratford area in recent times, this area really is one to watch for 2019.
Investing in property in Bow
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