Currell has acquired a 5,000 sq ft commercial space on Wallis Road, E9 in the heart of Hackney Wick – increasing the reach of Currell in east London, where we predict significant activity and regeneration over the coming years. This follows the recent appointment of Matt Cobb as Director of New Homes, who will be spearheading Currell’s growth plans.
Part of 61-63 Wallis Road will become a new office for Currell, due to open in Q4 2016 and providing sales, lettings, new homes, commercial agency and property management. Currell Commercial is currently seeking tenants for the remaining space, which offers two retail units and one A3 (subject to planning) café/restaurant unit on the ground floor of this new build development, which has residential units above.
Wallis Road sits opposite Hackney Wick Overground Station, at the centre of the LLDC’s (London Legacy Development Corporation) designated mixed-use development zone, which will be transformed into Hackney Wick Central, a new neighbourhood hub and central business district (CBD). It is predicted that by 2025, Hackney Wick and neighbouring Fish Island will house between 4500-5000 new homes, along with new commercial spaces and affordable art studios, boosted by infrastructure improvements to Hackney Wick Station and nearby Stratford, including Crossrail.
As well as being the first established agent to take an office in the area, we were involved with one of the first new developments on Fish Island. Biggs Square (also known as Vantage Square) on Felstead Street was sold by Currell in 2008 for housing provider Family Mosaic, with 24 private sales at a blended pound per square foot figure of £341. Currell also sold the commercial space at ground level.
Anne Currell, Group CEO, said: “This marks a significant point in our east London expansion plans and we are delighted to have secured such a prominent space at the centre of what will become a thriving new neighbourhood. Hackney Wick and Fish Island are areas of great opportunity, with the potential for carefully managed development that will provide not only much needed new homes but opportunities for leisure and employment. The nearby Here East digital quarter, when fully operational in 2018, will bring over 7,500 workers and £340m to the local community.”
To find out more about Hackney Wick and Fish Island visit our Discover East Resource Centre at 311-313 Kingsland Road, E8 or phone to book an appointment on 0203 826 4888.