LAND & NEW BUILDnews


Grainne Gilmore, head of UK residential research at Knight Frank.


London’s residential new build hotspots


Knight Frank has released a new research report, identifying 13 central London ‘hotspots’ in which, it forecasts, prices for new build developments will climb by more than 30 per cent by the end of 2015. The key factors, which will help to


boost values, are regeneration, improved transport links and increased demand, or a mixture of all three. This uplift in prices will be underpinned by the chronic shortage of housing in London. Grainne Gilmore, head of UK residential


research at Knight Frank, comments, “The prime London property market is buoyant, but there are pockets of London where the opportunity for development, and other factors such as improved transport infrastructure, gentrification or regeneration, combine to produce real opportunities for housebuilders and ultimately for those in need of housing. “Crossrail, which will open in 2018, will have a strong impact on development in


The shortage of new housing will


underpin the market. London over the next decade. Five of the 13 areas identified will benefit from the new high speed service. “Comparing current prices commanded


for new build developments in the hotspots with our forecasts for 2016 prices show that there is scope for these markets to outperform even the buoyant market for existing homes in Prime London areas. “Our report also examines the shortage of new housing in the wider London market, underlining the pent-up demand which will continue to underpin the market.”


Hotspots: City of London and eastern


fringe, City Road corridor, Earls Court, Farringdon, Hammersmith, King’s Cross, Marylebone and Fitzrovia, Midtown, Nine Elms, Paddington and Bayswater, South Bank and Blackfriars, Victoria, White City and Westfield.


46 OCTOBER 2011 PROPERTYdrum


The Henson – the most recent Londonewcastle development.


Londonewcastle’s new joint venture


UK property and development companies Londonewcastle and UK & European Investments (UKEI) have announced a joint venture that will see significant growth in their operations and advancement of market share. The new venture is seeded with Londonewcastle’s existing assets, which have been purchased out of the Lloyds Banking Group and Londonewcastle portfolio, representing a clean break between Londonewcastle and Lloyds Banking Group. The portfolio consists of five key mixed-use


development sites across London consisting of up to 750 units totalling 800,000 sq.ft with a GDV in excess of £250million.


The joint venture presents a powerful new


capability for both companies to expand the portfolio by aggressively pursuing new acquisition opportunities across London via outright purchase or co-investment, with or without planning permission. Londonewcastle, led by Robert Soning and


David Barnett, is a central London residential developer. The business was established in 1995 and has developed over 500 units in the capital with a value of £405million in the last six years alone. The company has established a reputation as one of the top design-led residential-focused mixed-use developers in central London.


Banner Homes’ new corporate identity


Banner Homes is launching a new corporate logo across its three regional companies and its developments throughout southern England and the Midlands. Group Sales and Marketing Director, Piers


Banfield says, “As a company we are extremely committed to our brand values and wanted to develop a new logo to reflect these. We researched a number of upmarket brands from other industries such as Cartier, Gucci, Mercedes, Audi and John Lewis and concluded that their logos are generally simple, classic and stylish. “We decided we needed an icon which


related to our name ie, a banner. We have created a new logo, which is a modernisation of our last but with a stronger more powerful blue colour. We believe this new logo reflects the type of business Banner Homes is today.”


Banner Homes’ Regency Gate in Kingswood, Surrey.


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