Here’s what you need to know about Royal Docks, the fast-growing and vibrant regeneration epicentre offering thousands of jobs and new homes
If you are planning to live and work in one of the most vibrant places in London, then the choice has to be the ever-changing Royal Docks, which is fast evolving into a business hub offering the best of the facilities. Easily one of the most exciting regeneration projects in Europe, the area is poised for growth offering thousands of new job opportunities and homes of all categories to an expanding demographic profile.
The stakeholders of the Royal Docks area are unlocking the incredible opportunities in this eastern part of London. In 2011, the Mayor of London, Mayor of Newham, Greater London Authority and London Borough of Newham set out their vision to make the Royal Docks a vital piece of London’s 21st-century economy.
Their determination is yielding results now as Royal Docks is undergoing a major transformation. Just two years ago, a diverse, unique and experienced collection of private sector partners complemented the efforts of the stakeholders by delivering this vision for Royal Docks through multiple initiatives to provide a distinctive look to the city and foster economic growth.
The private sector in the coming years is expected to invest over £6bn into the Royal Docks creating 10 million sq ft of commercial space attracting the world’s most exciting companies of sorts and sizes and providing thousands of new jobs – not just a redefined place once at the edge of London, but a place with its own identity. To support the businesses, more than 15,000 new homes are being developed in phases.
In fact, the transformation of the Royal Docks builds on the success of ExCeL, the Siemens Crystal and the University of East London, and the connections of London City Airport, which serve 4.5 million passengers on over 40 routes to European destinations.
The Crossrail, which commences operations partially in 2018, connects to Canary Wharf in 3 minutes, the City of London in 12 minutes, and the West End in 18 minutes. There are 14 DLR stations, the Emirates AirLine connects to the O2 and Greenwich Peninsula, and proposals for new Thames River Crossings and Thames Clipper services are being considered..
London-based Strawberry Star Group, an international property company, specialising in Capital, Development, Acquisitions, Sales, Asset Management and Letting & Management of London property to local and international investors, is also playing an integral role in the comprehensive growth of the Royal Docks area by contributing to the local housing stock.
Hoola London E16, a unique residential building by Strawberry Star, is a gateway to the Royal Docks. It consists of 360 aesthetically designed homes commanding 360-degree views over the Thames, O2 Arena, the Olympic Park, the skyline vista of Canary Wharf and the City of London. Designed by internationally renowned architects CZWG, working alongside interior specialists Johnson Naylor, gardens are work of Churchman Landscape Architects.
Hoola is set within the heart of the Royal Docks regeneration vision close to the forthcoming Asian Business Park, Silvertown Quays, and Crossrail station and within proximity to The Excel and London City Airport. Minutes’ walk to Royal Victoria (DLR Line) and new Crossrail Interchange and a short walk from Canning Town Station on the Jubilee Line provide easy access to Canary Wharf, The City and West End.
Owning a home at Hoola now is crucial because Royal Docks regeneration is in full swing. The area is already witnessing a steady growth in capital values of properties and an increase in rental income. Once regeneration is completed, the growth is expected to be higher with demand further picking pace.