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Buyers at Berkeley Homes scheme in Bow anticipate ‘The Westfield Effect’


Tuesday 18th January 2011

Anyone who's been looking for a new-build apartment in East London over the past couple of years will be familiar with the progress being made with the regeneration of Stratford ahead of the 2012 Olympic Games. The construction of the high-speed rail means central London and the north of Kent are now just a matter of minutes away, and the continent, via Eurostar, is an equally straightforward journey away.

With the construction of the Olympic venues and infrastructure continuing apace ahead of its 2012 deadline, it is the September 2011 opening of the Westfield Stratford City complex that many buyers at Berkeley Homes' Caspian Wharf development in Bow are looking forward to next.

Westfield Stratford City will feature over 300 shops along with a 14-screen multiplex cinema, office space and two hotels. The project is expected to have as much impact on the local housing market as its sister scheme Westfield London had on the White City/Shepherd's Bush area.

"Westfield London has had a positive effect on property prices in the surrounding areas of West London and property investors have taken notice," says Piers Clanford, Sales and Marketing Director of Berkeley Homes (Capital) Plc. "Bow is set to reap similar benefits from the opening of Westfield Stratford City when East London gets 1.25 million square metres of new retail, leisure and entertainment facilities."

The latest phase of Caspian Wharf to go on sale is Pacific Court, comprising 173 studio, one-, two- and three-bedroom apartments ranging in price from £169,950 to £1.7 million. Nearly two thirds of the properties have already been sold since the launch last summer. The high-specification homes boast contemporary architecture and interior design, with many of them also benefitting from a balcony, terrace or even a garden from which to enjoy a view over the capital, be it the towers of Canary Wharf, the Olympic site, the communal gardens or the Limehouse Cut canal.

Transport links from Caspian Wharf are superb, with two DLR stations within five minutes' walk. From there, Canary Wharf is seven minutes away, Bank station 13 minutes and Westminster 20 minutes, making these new homes in Bow ideal wherever the buyer may work. Connections to Tube, National Rail and international railway services are all within a few minutes of the front door. The A11, A12 and A13 are all a short drive away.

The canals and local parks provide a refreshing respite from the usual hectic pace of city life, and the local shops, pubs and restaurants - along with all the new outlets to come at Westfield Stratford City - combine to make a vibrant and varied neighbourhood to satisfy the most ardent of shoppers and socialites.

Caspian Wharf from Berkeley Homes

Apartments at Pacific Court, Caspian Wharf start at just £169,950 and are just minutes away from Canary Wharf, the Olympic site and the new Westfield Stratford City which opens in September 2011

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