Monday 26 September 2011

Olympics Update

Our Olympic accomodation project is well underway with the first deposits paid to landlords this month.  Many landlords seem to be sitting on their hands waiting for rates to go up before committing to Olympic contracts.  This is not likely to work in the landlords favour since the majority of corporate tenants have already secured their accomodation and most of the long stays (30+ nights) have already been allocated.  We are starting to get enquiries from tourists and athletes families who are willing to pay more per night but only require accomodation for two weeks maximum.

My advice to landlords is to take advantage of the corporate lets that are still available rather than wait for higher rates for shorter periods.  A quick reminder of the contracts we have in place and the remaining stays available:

Canary Wharf (Discovery Dock, Landmark, Pan Peninsula, West India Quay, Port East, Ability Place, 41 Millharbour) - 21 night stays are £2100pw for 1 beds, £2940pw for 2 beds and £4200pw for 3 beds.  30+ night stays are £1750pw for 1 beds, £2450pw for 2 beds and £3500pw for 3 beds

Best bookings currently available:  3 bed for 53 nights - total contract £24,200, 2 bed for 44 nights - total contract £14,420


Excel (Capital East, Oxygen, Grainstore, Westgate) - 21 night stays are £1428pw for 1 beds, £2002pw for 2 beds and £2856pw for 3 beds, 30+ night stays are £1190pw for 1 beds, £1666pw for 2 beds and £2380pw for 3 beds.

Best bookings available:  2 bed for 66 nights - £13850, 1 bed for 44 nights - £7004, 1 bed for 34 nights - £6644.


Pontoon Dock (Barrier Point, Wards Wharf, Britannia Village, Eastern Quay) - 25 night rates are £1190pw for 1 beds, £1666pw for 2 beds and £2380pw for 3 beds.

If you have an apartment in any of these developments and would like the benefit of a Corporate let during the olympics please contact Angus or Ingrid for further details.

Wednesday 27 April 2011

Canary Wharf Spring Property Update

Dear Landlord
I did it! Many thanks to all of you who supported me running the London Marathon last weekend. It was the most gruelling thing I have done but an amazing experience. I have raised over £2000 for Action Medical Research so thanks again to those that have supported me.
Back at the office, we are experiencing the traditional post Easter rush from professional tenants looking to secure good quality properties in and around Canary Wharf. If you have a property coming available please don't hesitate to let us know and we will do our best to get you good quality tenants as quickly as possible.
The sales market appears to be improving, although this hasn't translated into price increases yet. We have a number of sales going through at the moment and are looking for new stock to market to existing buyers. If you are thinking of selling please contact us for a free valuation.
We have been busy doing Olympic site inspections with various international clients and have agreed our first contract for the Olympics with one of the major broadcasters. We have other contracts in the pipeline and our clients are taking apartments in West India Quay, Port East Apartments, Discovery Dock, Pan Peninsula, The Landmark, Millharbour, Ability Place, New Providence Wharf, Ontario Tower, Capital East, Oxygen Building and The Grainstore. If you have apartments in these blocks and haven't yet been contacted by Ingrid, please let me know and we will add you to our availability list.
I trust you are all enjoying the good weather and look forward to speaking with you soon.
Best regards

Angus