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.