On Wednesday evening, Currell attended a dinner debate to celebrate the opening of the newest phase of the Royal Docks development – Royal Albert Wharf.

The event was co-hosted by the developer Notting Hill Housing and Bow Arts who are co-ordinating the commercial space as part of the London Festival of Architecture. It brought together many people who have worked for decades on the development of the Royal Docks, and many thought provoking questions were discussed, such as:

  • How can we best take advantage of development at the eastern most point of the docks?
  • What will be the distinctive contribution of this place to the unfolding story of the Royals?
  • How should we engage with the history of the Royal Docks in creating this contribution to 21st century London?
  • Does development now express long-held ambitions or do memories fade as development now takes shape in surprising ways?

Currell are marketing commercial units within Phase 1 of the Royal Albert Wharf development, ranging from £19,000 – £60,000 per annum, with the following proposed uses; café, supermarket, office/retail (x2), and restaurant. Phase 2 will be starting on site imminently.

For more information, call our commercial team on 020 7354 5050, email b.hedge@currell.com / j.morell@currell.com or visit our website.

Last Saturday was a busy and rewarding day for Currell’s shared ownership team at the London Home Show. Hundreds of new leads were generated and our team gave invaluable advice and assistance to prospective purchasers.

4,400 aspiring London homeowners passed through the doors of the QEII Conference Centre in Westminster.  The London Home Show is organised by Share to Buy, which is the Mayor of London’s route to affordable home ownership within the capital.

The Currell team was joined by Eric Cheatle, a financial advisor for TMP, The Mortgage People who helped advise on eligibility and affordability.

The Big House Gala fundraiser held on the evening of March 6th at Wringer and Mangle in Dalston, was a great success, surpassing all expectations. The event raised well over £40,000 which will help the charity to support care leavers who are at risk of social exclusion, to manage the transition to living independently.

Photograph by Dylan Nolte

Photograph by Dylan Nolte

Currell was the main sponsor of this event, alongside Enfield Construction, Four Communications, Joelson Law and Wringer and Mangle.

Maggie Norris, Artistic Director and Chief Executive, gave an inspirational talk on the work of the charity, which offers its members a programme of  life skill and employment skills sessions plus drama workshops  that culminate in  an original theatre show and four weeks of performances. It also provides access to opportunities, holistic support and long term mentoring.

This was followed by impressive testimonials from several young people who are currently benefitting from the charity  and from others who have participated in the programme and stayed on as mentors and as part of the growing community that The Big House fosters.

Guest speakers included Sir Lenny Henry and Game of Thrones actor and Patron of the charity Ed Skrein, (photographed below with Chris Currell CEO). Ed spoke about his involvement with the charity as a mentor and the invaluable work carried out by the Big House.

Photograph by Dylan Nolte

If you want to find out more about the work of the Big House visit http://thebighouse.uk.com/

Downsizer scheme, Quadra

Quadra, is a new Hackney development designed solely for the downsizer market over the age of 55

Currell are delighted to announce that we have been appointed as sole agent to sell Quadra – a unique, age-exclusive downsizer development in Hackney. The project is a joint venture between Hanover Housing Association and award-winning housebuilder Hill.

Comprising a collection of 29 spacious one and two bedroom apartments overlooking London Fields, Quadra is designed for over 55s who want to enjoy all that this vibrant and sought after pocket of east London has to offer. Carefully arranged around a landscaped courtyard, the architecturally striking development comprises two blocks, designed so that most lounge and dining areas have a view of the park.

Benjamin Hobart, Associate Director of New Homes, comments: “This is a highly unique project that Currell had been following closely for a number of years – and we are looking forward to the launch. This is a prime example of a meticulously planned development, which will give purchasers the opportunity to have one of east London’s most iconic open spaces on their doorstep and in many cases, visible from their own living rooms.”

Claire Anderson, Deputy Director of Development at Hanover, adds: “Quadra is the latest offering in our Downsizer Homes portfolio, creating a truly appealing, age exclusive development. We are delighted to be working with Currell as they have a wealth of knowledge and expertise in the Hackney area that will bring the creativity and experience needed to market this exclusive new development.”

Sales will officially launch in Q2, with prices to be confirmed.

Visit www.currell.com/new-homes for more information.

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.

61-63 Wallis Road (other angle) 61-63 Wallis Road

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.

MIPIM

MIPIM is the largest property EXPO in Europe with some 23,000 delegates attending. Held in sunny Cannes in the south of France, the event is a fantastic opportunity for networking that is not available in the winter here in the UK.

MIPIM 2016 was this year attended by Chris Currell (Group Chairman), Simon Davidson (Commercial CEO), Adrian Plant (Director Head of New Homes) and Iain Currie (Head of Land).

This year it was widely expected that there would be a note of caution in the discussions, with Brexit looming, the European migration crisis and an economic slowdown in many areas of the globe.

However, we found the tempo much more upbeat on a number of levels. Most significant was the strong message on how the public and private sectors can work more closely, with the joint aim of alleviating the housing shortage.

There appears to be unlimited amounts of equity and debt finance looking to back residential development aimed at the domestic market but there are insufficient opportunities to utilise all the funds available.

Local authorities are widely seen as the key stakeholders in bringing forward new sites on both small and large scales, on which the private sector can partner to provide much needed new housing across all tenure types.

Nowhere is this more apparent than in east London. The boroughs that everyone seemed to want to discuss were Barking & Dagenham, Haringey and Waltham Forest. All offer the scale, underlying price points and most importantly, desire from the councils to bring forward new place-making opportunities on a level not seen for many years.

We continue to work closely with a number of local authorities, housing associations and the private sector, forging partnerships and providing agency and professional services from our niche teams.

To get in touch with a member of our team click here

MIPIM 2016 – What did we learn? 

The Currell Collection, a privately owned collection of modern art has launched a new, revamped version of currellcollection.com.

CC homepage

The Currell Collection website showcases work from artists including Grayson Perry (above)

The artworks in Currell Collection are selected to create a complex dialogue exploring themes of identity politics, including gender, race, ethnicity and culture. The collection embodies British and International talent with a particular focus on Latin American artists.

The constantly expanding collection has resulted in over 100 pieces of contemporary and 20th Century art across the mediums of painting, drawing, sculpture, photography and tapestry.

Visit currellcollection.com to find out more about the collection.

At the Christmas party the 2015 Currell Staff Awards were announced, celebrating the individual and team achievements of staff across the company. As well as the usual awards for top negotiators and Employee of the Year, 2015 saw the introduction of the Rising Star Award, an award programme based on recognising talent and promoting excellence within the company.

Currell 2015 Awards

Daniel Pisa – Employee of the Year (Voted for by Currell Staff)

David Gwinnutt – Top Sales Negotiator

Donato Lacovara – Top Lettings Negotiator

Tracey Gregory – Top Sales Negotiator (on units sold)

Sandy Sitlani – Top Lettings Negotiator (on units let)

Sabrina English – Good Client Feedback

Bradley Suter – Anne Currell & Chris Currell Discretionary Award

Freddie Daniels – Rising Star Award

Beverley Hedge – Top Fee Earner, Commercial

Paolo Puccinelli – Runner-up Top Fee Earner, Commercial

Victoria Park – Outstanding Sales Team

Islington – Outstanding Lettings Team

Marketing – Outstanding Support Team

The first ever Rising Star award had eight participants.To be eligible to take part, an employee must hold a junior position and have been with Currell no more than a year. The process involves a variety of team building exercises, presenting an assigned project to the Directors and an in-depth interview. The winner, who receives a £500 prize and the opportunity for fast progression, was chosen by Anne Currell, Chris Currell and Chris Beckwith.

Well done to all our staff for their amazing efforts throughout 2015, and especially to all our fantastic award winners. We hope you all had a great night and wish you a very happy New Year!

Currell Christmas Party 2015!

Anne Currell, Group CEO has written an open letter to Property Week about why equality and diversity in the Currell workplace are so important and why every company should make them key to company policy.

Group CEO, Anne Currell

Group CEO, Anne Currell

“Equality and diversity should not just be a boardroom target”

It is incredibly important to me that every member of staff feels at ease and that there is a friendly, welcoming culture within the organisation, particularly for the LGBT community.

Earlier this year we joined the Stonewell Diversity Champion Programme, to increase our commitment to the LGBT community. The programme gives us the opportunity to work with and learn from Stonewall, to ensure that our company is the best workplace it can possibly be, for everyone.

The Diversity Charter led by Property Week and the RICS Inclusive Employer Quality Mark are exciting ventures within the industry that show a statement of intent.

However, organisations pursuing the chance to become involved with these need to be aware of the commitment that comes with the territory.

Equality and diversity should not just be a target in the boardroom, but become an integral part of an organisation’s day-to-day operations.

Anne Currell, Group CEO, Currell

To link to the original article please click here

Property has become a key issue in the upcoming election with heated discussions over housing shortages and affordability. Plus, there is the possible mansion tax and the impact this may have on the higher end of the market.

With just weeks to go before we head to the polls, we ask Anne Currell for her opinion on what the election could mean for the London property market.

Group CEO, Anne Currell

Group CEO, Anne Currell

Have you noticed changes in market activity in the run up to the election?

In the run up to the election we have sensed a degree of uncertainty across all price brackets but more noticeably towards the upper end of the market. How much of this is down to general market conditions or pre-election jitters is hard to ascertain. What has been shown in previous years is that pre-election jitters do not equate to a fall in prices. In fact, we are predicting a solid 5% uplift in central London in 2015.

Are there any specific policies which you think would dramatically affect the market in the months after the election?

The big topic of discussion is a mansion tax, which has been proposed by both the Labour Party and the Liberal Democrats. If passed, the tax would apply to properties worth more than £2m. About 80 to 90% of the properties that would be affected are in Greater London and the Labour Party believes it would raise up to £1.2bn in revenue. The concern in London is that it may put off foreign investors. London is a magnet for foreign investment in residential property due to its transactional transparency and its reputation for stability.

The threat of a mansion tax could send the message that investment is not welcome and lead to unpredictability. Equally, owners who have ‘accidentally’ become property millionaires due to high rises in property values would be targeted. If the mansion tax is imposed, we could see an influx of properties at this price point coming onto the market, as owners look to move to property that sits below the £2m threshold.

The Conservative’s main focus is on extending Help to Buy, a scheme designed to help buyers who can’t put forward more than a 5% deposit on a property. So far the scheme has been successful in helping 80,000 buyers onto the property ladder. However, only 6% of these buyers were in London. What is great though is that of the 80,000, 80% are first time buyers.

Housing is a key policy for London and will be an important policy for voters. What are the key issues surrounding London and housing?

The big issue in London is supply versus demand as the city is growing at the fastest rate in its history. The target of building 42,000 new homes this year is questionable, particularly when a key component of the new homes must be affordability. This means delivering on Shared Ownership and Intermediate Rent opportunities. Investment is needed in planning and London needs to develop in a way that opens up spaces and coordinates housing and transport. To get it right, the London Mayor for 2016 needs to set out their housing manifesto on day one.

Do you have any advice for people looking to buy or sell in the next few months?

Statistics show that traditionally in the run up to an election there is a ‘stand-off’ period and a ‘flurry’ afterwards. This relates only to activity levels however and does not impact on prices. My advice would be that if you are thinking of selling, forget the 7 May and go to market now. There may be less stock on and your property could do well in a less contested market.

If you are looking to buy then don’t worry, unless you have over £2m to spend. Think about where you are buying, and consider developments such as Crossrail and Crossrail 2. These will have a huge impact on infrastructure in certain areas, particularly east London, and buying in these areas is a smart move.

If you would like to discuss the market or your property needs with a member of our team, please contact one of our residential offices who will be happy to help. All our office contact details can be found here