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PROMOTION


London’s ‘mini Manhattan’


L


ondon City Island, dubbed Lon- don’s


‘mini Manhattan’, is the


jewel in the crown of the £3.6 bil- lion regeneration of the newly re- zoned Canning Town, and is set to become the capital’s new cultural hub following the relocation of the prestigious English National Ballet. The island community, which com- prises 12 acres of mixed use devel- opment including 1,706 homes, restaurants, boutique shops and pedestrian and cycle routes just 10 minutes from Canary Wharf, is now a highly sought after neighbourhood, attracting a new generation of prop- erty investors and residents. Once synonymous with industry,


the relocation of the ballet is a real endorsement of an area that would have previously been overlooked, and has given people the confi- dence to invest in an exciting new destination. Buyers and tenants alike are waking up to locations further along the Thames and are helping to dispel the ‘west is best’ notion which has traditionally permeated through the capital. The English National Ballet has been based in Knights-


26 The American


bridge for the majority of its history, catering for its well-heeled neigh- bours and set amidst other cultural landmarks such as the Royal Albert Hall. However, its relocation to east London is providing a new cultural nucleus for the capital, helping to transform the calibre and identity of the area as a whole. Furthermore, located on the Jubilee line, residents of London City Island can be in the West End in just 20 minutes, enjoy- ing the best of both worlds. London City Island is conse-


quently proving a hotspot for prop- erty investors as well as tenants, not least because price growth is antici- pated to rise by up to 30 per cent in the next five years. As desirability has continued to rise, so too has demand and JOHNS&CO, the agent responsible for the re-sales and lettings at the development, has received a lot of interest from corpo- rate tenants aged between 25 and 35 working in either Canary Wharf or the City and attracted by the con- venient location and the new com- munity developing here. This is fur- ther positive news for investors who


London City Island - day time


are expected to achieve rental yields of up to six per cent, far higher than areas in central London. The regeneration will combine bold innovative architecture with vibrant public spaces, all designed to recognise the island’s maritime past. Glazed brick buildings in red, orange, blue, black and white ref- erence painted ship hulls whilst trees in the many public spaces will be planted in wooden contain- ers, resembling the tea chest cargo boxes of the East India Dock Com- pany. Properties range from one bed suites to three bedroom apart- ments and will benefit from a range of onsite facilities including a grocer, a gym, two swimming pools, a sauna and a steam room as well as a social club.


Properties are available to buy and to rent through JOHNS&CO London City Island with prices starting at £325,000 or £300 per week. JOHNS&CO, 8 New Providence Wharf, 1 Fairmont Avenue, London, E14 9PA 0207 118 0343 http://johnsand.co/proper- ties/london-city-island-e14/


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