Those that had doubts over the success of business in the UK post-Brexit will welcome the news of the latest surge of investment into East London’s Royal Docks.
Funding for a £1.7 billion project by Asian investors in the Royal Docks has been confirmed, with the project set to turn the area into what business leaders hope will be another financial hub to rival the City and Canary Wharf.
£300 million of funding has been arranged so far, which will ensure the completion of phase one by 2018. Xu Weiping, Chairman of ABP who are funding the project said: ‘This is not a simple development project. We are changing a piece of East London into the third financial centre.’
So it would seem East London really is the place to be, with the news reiterating the growing potential for investment in the area. Sir Edward Lister, Senior advisor at the Department of International Trade said: ‘The city is moving east and the docks is at the centre of that.’
Property in the Royal Docks
Royal Wharf is one development that is proving popular – investors are advised to get in early at this riverside hotspot! The architecture here differs from most modern developments – the layout is family friendly and features green spaces, riverside restaurants, and its own school. More than 20,000 people are set to live and work here, making it an excellent investment opportunity.
This booming riverside district is just 12 minutes from Canary Wharf via public transport, making Royal Wharf the perfect place for Canary Wharf workers to reside. And with the investment from ABP, the Royal Docks is certain to soon become one of the most desirable places to live in London.
Looking for property in the Royal Docks? Call the Kingsley Hamilton Estates team today on 020 7078 0214, or email email@example.com.