A striking new development of 295 high quality new homes is launching in The Royal Docks, one of the most rapidly changing areas of the capital. The former industrial heartland is being transformed into a vibrant new residential quarter and is fast becoming one of London’s most exciting places to live. Here, we and one of London’s largest housing associations Peabody, are building Pontoon Reach, a stylish collection of new homes set over four buildings.
Pontoon Reach will feature a mix of studios, one, two- and three-bedroom apartments and duplex apartments set over two floors. The first building to launch, River Walk, will include 69 homes, available to purchase with London Help to Buy. Under the new Help to Buy scheme first time buyers will be able to purchase a home at Pontoon Reach, accessing a 40% five-year equity free loan from the Government. The first homes are expected to complete in summer 2021.
The contemporary interiors have been finished to the quality we and Peabody are renowned for. Each home benefits from bespoke designed fully fitted kitchens feature a collection of high-quality integrated appliances, and beautifully fitted bathrooms and ensuite bathrooms. Every property features generous open plan living, kitchen and dining areas and underfloor heating throughout. The spacious layout of the two- and three-bedroom apartments are ideal for creating dedicated work from home spaces.
A key factor within the overall masterplan of Pontoon Reach is the provision of accessible outside space. Each apartment has a balcony or private terrace from the kitchen and living area, in addition to landscaped courtyards and a stunning residents’ roof terrace. With their lush planting, walkways, and comfortable seating, these refreshing outdoor spaces offer the perfect place for residents to relax and reinvigorate in the open air. The homes are also just moments away from a riverfront promenade and Thames Barrier Park, one of the longest stretches of green space along the River Thames.
Formally a gateway to the rest of the world, the new homes at the Royal Docks are ideally located to capitalise on excellent transport links, connecting residents to the rest of London by bike, tube, DLR, rail and boat. Nearby Pontoon Dock station provides connections to Canary Wharf in 12-minutes, while Bank for the City is 19-minutes. The area is also due to benefit from the arrival of Crossrail from Custom House station, which will connect to Bond Street in just 17-minutes. London City Airport, which is a 15-minute walk from the development and provides direct flights to destinations throughout Europe, is also currently undergoing a £344m investment to enable it to expand its offering.
Neil Bowron, Sales Director for Greater London comments: “The Royal Docks has transformed dramatically in recent years into a thriving residential neighbourhood with excellent connectivity to Canary Wharf, the City and beyond. The much-anticipated release of Pontoon Reach by two of the UK’s leading developers brings high quality homes, where First time buyers will also have the rare opportunity to purchase using Help to Buy, making these homes even more accessible to Londoners.”
Andrew Peglau, Assistant Director for Marketing at Peabody comments: “This corner of east London has experienced a dramatic change over recent years, forging an exciting new riverside neighbourhood for homebuyers to enjoy living the lifestyle they desire, without compromise. We are very pleased to be bringing much-needed new homes to the capital alongside Redrow, and helping to create further opportunity for aspiring first time buyers to start their homeownership journey at an affordable level.”
Once the centre of London’s trade and commerce, the Royal Docks is now best known as one of London’s designated Enterprise Zone’s and is a hotspot for emerging new creative and technology businesses in the Capital. This fast-evolving area will receive over £300 million in investment over five years from 2018, with the aim of generating 35,000 jobs, 4,000 new homes and more than £5 billion in inward investment by 2037/38.
The area will also benefit from further inward investment and new infrastructure due to £3.5 billion investment in Silvertown, London’s largest regeneration project, which includes plans for new shops, bars, and restaurants, alongside workspace for start-up firms. Construction has also begun to transform nearby Royal Albert Dock into London’s Asian Business Port. It will be a hub for businesses from Asia looking to reach new markets in Europe and for European companies seeking to do business with them and expand into the Far East.
Prices at Pontoon Reach start at £330,000. For further information please visit www.pontoonreach.co.uk or call 0203 733 0551.