E1 location makes Hoopers Yard the perfect investment

Despite the property market’s nature to peak and trough, there are areas of the industry that continue to perform strongly. Corporate letting in London is one and the demand for high-quality property is as insatiable as ever. Large corporate lettings companies are reporting a sustained demand for quality accommodation in the capital.

Purchasers who want to capitalise on this trend are being invited to an investor evening, taking place on Tuesday 9th September at Berkeley Homes (South East London) Ltd’s Hoopers Yard development at 99 Leman Street, E1. A team of finance and property specialists will be on hand between 6.30pm and 8pm, giving advice to potential investors and showing visitors around the Hoopers Yard development.

At Hoopers Yard there is a list of finance and blue chip companies waiting for accommodation to be completed. One lettings agency is looking to house at least 20 professional tenants at Hoopers Yard, coupled with the statistic, rents in part of the capital are rising by more than 2% a quarter .

A number of factors make Hoopers Yard attractive as corporate lets – its location on the fringe of the Square Mile, excellent local transport links, a superior low-maintenance high quality specification, a warrantee-backed new build construction and a high level of security.

The acute demand for top-level property on a rental basis is being driven by the power of the London Stock Exchange (LSE) and the Square Mile. The London foreign exchange market is the largest in the world, with an average daily turnover of $504 billion, more than New York and Tokyo combined. The headquarters of more than 100 of Europe’s 500 largest companies are in London, with a growing number of international companies also choosing to locate their European headquarters in the capital. There are more than 550 international banks and 170 global securities houses in London, compared to around 280 in Frankfurt, 270 in Paris and 250 in New York.

Hoopers Yard is located at 99 Leman Street and within walking distance of the Square Mile, yet outside the congestion zone. The Zone 1 development is only 4.7 miles from London City Airport and as little as 14 minutes by public transport to St Pancras International train station. A number of Tube stations and the DLR at Tower Hill are within walking distance.

Piers Clanford, Managing Director at Berkeley Homes (South East London) Ltd, comments: “Those looking to build a property portfolio should attend the seminar at Hoopers Yard Sales and Marketing Suite to learn more. A purchase for investment at Hoopers Yard works on two levels – there’s the immediate demand for corporate lets and the potential for long-term growth, as new build of Hoopers Yard’s quality is rarely built this close to the Square Mile.”

Rents are set to rise by up to 15% over the next two years, reports the Association of Residential Lettings Agents (ARLA) . Short-term rent rises reflect a rise in rental demand and a shortage of property supply. The report for ARLA revealed that more money is invested in UK buy-to-let homes than in the privately owned commercial property sector. The value of housing in the UK will ‘almost certainly increase over the longer term’, concluded the report.

Prices at Hoopers Yard start from £395,000 for a one-bedroom apartment, from £549,500 for a two-bedroom apartment and from £850,000 for a two-bedroom duplex penthouse.

For more information, log on to Cityquarter.co.uk.