With London continuing to lead the way in terms of property development, a number of exciting projects are either under construction or in the pipeline. Many combine both residential and commercial space in order to allow residents and commuters to make the most of the city, with retail and leisure complexes blending seamlessly into residential towers.
Now, the developer behind the South Quay Plaza project, Berkeley Homes, has announced that existing and prospective residents and tenants can view the updated plans this week. The exhibition, which will be held in Lanterns Theatre Studio at 3 Millharbour, will be open from 2pm and 8pm on Friday July 19th, and between 10am and 2pm the following day.
Berkeley Homes acquired control of the Docklands site in April and immediately began to plan for the scheme, which they claim will provide “high quality affordable and private housing.” A refurbished office block and a number of new retail units will also be prime features of the exciting development.
However, perhaps the most significant aspect of this project will be exterior improvements in the area surrounding the new buildings. According to Harry Lewis of Berkeley Homes, the firm’s previous exhibition threw into sharp relief a public desire for an attractive and functional pedestrian zone in the immediate area.
He says; “At the first exhibition, residents were particularly keen to see improvements made to the public realm and pedestrian permeability.
“As a result we will be providing over 60 per cent of the site area as public realm, reactivating the waterfront and providing fantastic spaces for the local community to enjoy.
“Berkeley Homes has a reputation for delivering world class projects across London and South Quay Plaza will be no exception.”
With ever-increasing numbers of international businesses choosing London as their base from which to infiltrate the rest of Europe, and a high volume of employment opportunities being created in the city as a result, there can be little doubt that South Quay Plaza will prove to be exceptionally popular with consumers and businesses alike.
However, with high levels of competition from a large number of projects being developed concurrently, this could well turn into a battle to attract both residents and commercial tenants.
Do you think there is enough demand to fill commercial space at all of the high-profile London developments currently in the pipeline, or will some fail to attract enough tenants to make a reasonable return?
