Guide type: Property Investor
5th April 2017
We have always regarded the Docklands as a key area for capital growth and believe that this locale will forever attract homeowners and tenants. Read about Galliard’s Docklands property development history and discover the investment potential of past and future Docklands developments.
In the early 1990s Galliard helped pioneer London’s Docklands – once the world’s largest shipping port. By the 1980s, following the closure of the shipping Docks, the area was bogged down by part constructed schemes and buildings in receivership. Acquiring these receivership sites and redeveloping, Galliard was able to rejuvenate the area by providing an opportunity to live and invest in this great location which has since become the capital’s epicentre for global commerce and finance.
A former riverside warehouse located in the heart of the Narrow Street conservation area, this historic conversion is just as popular with property owners and tenants today as it was 20 years ago. Buyers who acquired homes at Papermill Wharf have seen their £50,000 investment now valued at £500,000.
The conversion of Victorian riverside warehouses into luxury apartments put Burrells Wharf back on the Docklands map. Originally constructed by the great Victorian engineer Ismard Kingdom Brunel, Burrells Wharf was also the birthplace of his nautical triumph – The Great Eastern. Today an exciting mix of past and present characterises the entire site with historic cobbled streets and character red-brick buildings blending in perfect harmony with modern interiors.
A development of 36 river fronting apartments, Old Sun Wharf is situated in the heart of Limehouse and benefits from direct access to the Thames Path. Originally sold from £169,500, re-sales over the past 20 years have ranged between £285,000 and £925,000.
Part of a three building development arranged around a paved entrance, Aegon House was originally constructed in the 1980s as an office block before Galliard Homes converted the site into 46 fully-refurbished apartments.
With a choice of views downstream to the O2 Arena or upstream towards Greenwich, the apartments at Cubitts Wharf were originally sold for £195,000 - £320,000. A local agent is currently marketing a two bedroom re-sale apartment at Cubitts Wharf for £500,000.
Following the turn of the 21st century, Galliard’s Docklands property development shifted from warehouse and office conversions to large scale new builds and soaring residential towers. Having become the address of choice not only for Wharf workers but also commuters from further afield, an increase in demand coupled with high land values prompted developers to turn their attention to high-rise developments. Demand for luxury residences afforded many of the Galliard’s newest E14 developments with leisure and health clubs, private resident’s facilities and high-security concierge services.
Galliard developed over 100 apartments at this new-build riverside development, with original sales prices commencing from £110,000. Many original buyers who completed in 2000, and have gone on to re-sell their properties within the past five years, have experienced over 100% price growth.
Comprising 171 apartments set over two blocks reaching 13 and 24 floors respectively, Wharfside included two superior specification duplex penthouse apartments offering impressive panoramic views over London.
Providing over 360 ultra-sophisticated private residential apartments, Indescon Court was the first phase of Galliard’s three build Millahrbour redevelopment scheme. Studio apartments started from £155,000 and are now valued at between £220,000 and £300,000.
Sitting Adjacent to Indescon Court, Lincoln Plaza is fast approaching completion and buyers who purchased off-plan are already experiencing significant price growth. A one bedroom apartment which was originally purchased for £333,000 in 2012 has recently been re-sold for £450,000 - 35% uplift!
Towering up to the 45th floor, Baltimore Tower is set to become a new E14 landmark when it completes in 2016. With a UK and International sales release, the highly sought after Baltimore Tower apartments sold out in record time and since 2013 have already experienced strong re-sell price growth. A two bedroom apartment that sold off-plan at launch for £607,000 has recently re-sold for £800,000; that’s a 32% uplift over the space of just two years, and that’s before the development even completes!
The Canary Wharf Estate is expanding! Spreading east with 30 new buildings, the extension coupled with Crossrail is set to almost double the number of people who live and work in the London Docklands area.
Releasing on 25th June 2015, Harbour Central is a mixed-use development incorporating a 42-storey all-private residential tower. Residents at Harbour Central will benefit from exceptional interiors, panoramic views and a premier resident’s club.
Another of Galliard's Docklands developments is the brand new executive development - Marine Wharf East.
Set in the coveted Docklands district of Surrey Quays, Marine Wharf East will offer contemporary living at its best with its stylish collection of one, two and three bedroom apartments divided between two principal blocks - Canary Point and Harbourside - just one minute from the River Thames Path Walk and less than 10 minutes' away from Canary Wharf.
Situated on the west bank of the River Lea, Orchard Wharf will offer the perfect blend of waterside living and city luxury. This mixed-use development will comprise of two residential buildings – one principal tower and another containing stepped blocks all linked at ground level by a two-storey podium. Residing within them will be a collection of one, two and three bedroom apartments arranged within a choice of apartment, penthouses and duplexes; with panoramic views of the Docklands from the upper levels.