A combination of the weak pound, strong demand and a lack of supply has put London back into focus as the destination of choice for global investors. With its longstanding status as a safe haven, for the savvy investor, this unique combination warrants an even closer look at what’s on the market in the capital.
One of London’s most exciting residential opportunities comes in the form of Peninsula Gardens, the latest chapter of London’s rapidly growing Greenwich Peninsula district in Zone 2.
High anticipation for the new address has seen 94% of the first phase of apartments sold over the opening weekend earlier this month, with developer Knight Dragon now bringing forward a limited collection of homes from a future phase to meet the continued high demand (with prices from £360,000 for a studio, 020 3713 6153; peninsulagardens.co.uk).
One of Europe’s largest single regeneration projects, Knight Dragon is investing £8.4 billion over 30 years to transform the former industrial land on Greenwich Peninsula into a new riverside cultural centrepiece for London. With significant progress over the last almost decade, its exciting proposition in the capital is well recognised with a predicted 22% price growth forecast over the next five years, according to CBRE’s Greenwich Area Guide.
A Modern New Community
Peninsula Gardens encompasses a family of four characterful buildings, just moments from the River Thames and from the Peninsula’s Central Park, yet remain easily connected to the buzz of the wider city.
Combining character and craftsmanship, homes take inspiration from their river and park surroundings, and have been designed to make the most of the panoramic views, with floor-to-ceiling windows and organic finishes, colours and materiality throughout.
Residents of Peninsula Gardens also enjoy access to an impressive range of amenities within the already-complete Aperture – a communal hub is located just minutes away – providing resident-only access to shared workspaces, a private gym, 24/7 concierge, eateries and a multi-faith room.
With landscaping at its heart, Peninsula Gardens is interspersed with walkways, with a residents-only podium garden placed at the centre. A tree-lined passage provides direct access down to the water’s edge, offering much desired private outside space and beautiful surroundings from which to also enjoy the impressive vistas.
A New District For London
Greenwich Peninsula – the 150-acre regeneration project enveloped by 1.6 miles of the River Thames – is creating the capital’s boldest modern cultural landscape. Now a well-established London district, it is already home to some 5,000 residents and a host of new cultural spaces, cafes, bars and a choice of some 40 restaurants.
The last year has seen the 30-year masterplan continue at an impressive pace, with the opening of Design District, London’s first permanent, purpose-built home for the creative industries, just moments from Peninsula Gardens.
Already home to individual makers, ground-breaking enterprises and industry leaders, it has fast become a beacon for the Capital’s creative community, with tenants including independent sneaker designer, Concept Kicks, featuring collaborations with the likes of Takashi Murakami; specialist skincare, candles and scents from Homework; London florist, Bloom East, and designer lighting studios Haberdashery and Luum.
The Design District also introduces a rooftop basketball court, a Canteen – a food hall home to a mix of innovative and independent food stalls offering global cuisine – and Bureau, a new members’ club for the creative industries.
Peninsula Gardens residents are on the doorstep of Greenwich Peninsula’s most popular attractions and hangouts, including Ardoa, an authentic Spanish Basque restaurant. The O2 and its new shopping outlet, ICON, are also a few moments’ walks, as is NOW Gallery – the place to be for culture, events and exhibitions.
Greenwich Peninsula is also home to The Tide, a linear landscaped walkway by Diller Scofidio + Renfro, creators of the New York Highline. Eventually stretching 5km across the Peninsula, it connects to the Riverside path and creates a trail through a world-renowned collection of art featuring sculptures by Damien Hirst, Angel of the North creator, Antony Gormley and Morag Myerscough.
For work and leisure across London, Peninsula Gardens has ideally located just a short walk from North Greenwich station, with direct lines to Bond Street and City Airport in less than 20 minutes and Canary Wharf just two minutes away.