District Price Rise (%) Clapton 7.
3 Bow 6.3 Shoreditch 5.2 Stratford (Home of the Olympic Park) 14 The following table representsthe average percentage of price rise value in each district, according to (The Independant, 2012)According to (Suren Thiru Lloyds TSB, 2012), this reflectsbigger interest from buyers and investors in these locations, and that interestis mainly emanating from the Olympic event and the massive scale regeneration,moslty improved by transport links integration.Another accurate example wherecapital values and overall return changed massively is the new Battersea Power Station. This Grade II listed building knew how to rise fromthe dead and regain value, consumer confidence, and mostly, a huge overallreturn for its investors: Battersea Station Then vs Now.Photographs: (Aspinall, n.d.
) and (Battersea Power Station Development, 2017),)The project that was approved in2010, cost its Malaysian backers approximately £9 billion, including the costsof £211m due to the extension of the Northern Line and two new tube stations tothe area. (The Telegraph, 2016)The area that was once an oldfashioned crumbling power station that closed in 1983 and left totally noninhabitable, is currently being transformed into a massive 42 acres project,with 1.25m sq ft of office space and 4,239 swanky new homes. It is one of thebiggest building sites in Europe, employing 3,000 construction workers. (The Guardian, 2017).With investors getting moreinterested, as Apple announced that it was going to move its 1,400 London staffto a future new capus at BPS, (The Telegraph, 2016), the value of thatproject is increasing rapidly and should score massive rates changes by itscompletion in 2026.
And whereas some critical opinions are starting to getskeptical and pointing out the fact that the Battersea Power Station properties are struggling to be soldlately, Adam Challis from JLL defended the projet as he stated that adevelopment that takes longer duration to be completed has to be accordedimmunity to the peaks and troughs of the property market cycle.Number of newly buildsales/half year: Comparison between Nine Elms and Central London. Source: JLL (The Telegraph, 2016) “There are several inflection pointsin a regeneration scheme. As it stops being just a building site, demand andpricing will pick up once again.
” Says Jan Crosby, director at KPMG. (The Telegraph, 2016)