2012-04-10

A unique investment opportunity in East London for investors in Singapore.

International property consultant, Colliers International will be launching The Pump House, a brand new quality development at the Royal Victoria Dock, ExCel, London. The exhibition in Singapore is scheduled on 28 to 29 April 2012 at the Ritz Carlton Hotel.

Due for completion in Year 2014, The Pump House comprises a 24-storey curved residential tower and an adjacent three-storey commercial block.

The residential tower has a total of 161 one-, two- and three-bedroom apartments and penthouses, with floor areas ranging from approximately 540 sq ft to 1,233 sq ft. All units extend to include either a balcony or a terrace, which provide scenic views of the Canary Wharf, the O2 Arena, the Docklands and River Thames. The development also offers hotel-style services, including – 24-hour concierge, a business centre, valet parking and comfort cooling, among others.

Prices for the units at The Pump House start from £250,000.

Ms Nina Davies, Operations Director of International Properties at Colliers International, says, “We are very excited about the launch of The Pump House in Singapore. The iconic development is strategically located in the Docklands, which is a precinct that is set out to be the next major growth destination with a comprehensive transportation interchange network.”

The Royal Docks enterprise zone has been invigorated by the announcement of the 50-acre Silvertown Quays plan, which will be developed by the Chelsfield group. The plan is a £1.2 billion area transformation which will create some 9,500 jobs and bring an estimated £3 billion worth of economic benefits to London.

Ms Davies adds, “The Pump House is only some 200 metres from one of the new high-speed Crossrail1 stations, which will start its operations in 2018. The Crossrail station will create a transportation interchange with the current DLR Custom House station, cutting times to Canary Wharf to just 4 minutes, Bond Street in 17 minutes and Heathrow Airport in 43 minutes.

The Emirates Cable Car2 station that will soon be operational in June 2012 will take passengers from the Royal Docks to the O2 Arena.

The improved transportation infrastructure will greatly transform the area into one of increased connectivity, vibrancy and buzzing activities.”

The transportation network will also bring regional and international visitors to ExCel London, the largest international convention and venue in London, which will host some of the 2012 Olympic events. A £165 million expansion plan has been implemented to create more versatile spaces alongside ExCel London; which, in turn, is generating demand for more premier housing in the vicinity.

Other alluring factors of the location include the construction of the Siemens Sustainable Energy Centre, which is slated to complete in July 2012, and will house various sustainable energy companies worldwide; as well as the proximity to Canary Wharf, Britain’s fastest-growing business district, and Westfield, Europe’s largest shopping mall – both of which can be reached by the DLR in under 10 minutes.

Ms Davies continues, “Given the current sheer excitement in the area, we are confident that The Pump House provides a timely opportunity for investors in Singapore to invest in the London market. In fact, analysts have estimated that the prices of homes near the Crossrail will increase by up to 57 per cent between now and Year 2018, outperforming the rest of the housing market.

Hence, we expect that investors who lock in their purchase now will benefit from strong capital growth and enjoy projected yields of up to 6.8 per cent.”

The Pump House is designed by the award-winning architect, Richard Hywell Evans, and is developed by City & Docklands Property Group, which is well known for setting the benchmark for delivering high quality property investments and developments across the key growth areas in London and other cities.

Notes:
1. Crossrail will be a new east-west link, linking Maidenhead and Heathrow in the west with Shenfield and Abbey Wood in the east, via the West End, City of London and Canary Wharf. It will greatly shorten commuting time between London’s main business districts to within a mere 45 minutes.
2. The Cable Car will link the O2 Entertainment Centre and the ExCel Centre, and has been identified as one of the top 10 largest tourist attractions in the UK.