The growth in prices in outer Boroughs in London and availability of more space is driving demand. As a result many local councils in these areas are looking to create new homes to satisfy demands. Kingston Council became one of the latest towards the end of March when they revealed their plans for Cambridge Road Estate. They will regenerate the site to create 2,000 homes.
The housing estate is currently home to 820 units on 8.6 hectares in a town centre location. The regeneration would create new homes in a desirable setting close to amenities and transport links.
Kingston Council had a presence at the recent MIPIM property event in Cannes in March. They were alongside 15 other local authorities, all of which were looking for potential investors and partners for projects. If all of them are successful in the future it will create thousands of new properties in the capital.
The Council of Kingston Upon Thames is expected to announce the search for a joint venture partner for their project in June. It could take several months before they are ready to agree a deal and move forward with the project but the prospects for the future of the site are good.
At Finefair we keep a close eye on the property market to ensure we can provide the best services to our clients. Like so many others we have noted the current popularity of outer Boroughs in London and the creation of a “development donut”. This ring is attracting investors and developers of all shapes and sizes.
We are proud to offer a wide array of services to investors. We are particularly accomplished at block management in Kingston Upon Thames. This service sees us manage an array of properties in the same area or building, ensuring the standards remain as high as possible for each one. Whilst doing this we also offer great value for money.
If you have any questions about our block management or the benefits it offers please contact us. We can advise you and offer full support.