Located just 10 minutes' drive from Heathrow Airport, The Green Quarter is a significant new development in West London aiming to be one of the most biodiverse in the UK. The 88 acres former gasworks site is set to be transformed into a mixed-use development, providing new residential properties, commercial and retail spaces, a new primary school, health centre, community facility and a new town square for the community and neighbourhood to enjoy.
Located in the Borough of Ealing, it's an exciting district buzzing with shops, restaurants and cafés. It is close to a number of employment hubs, with Heathrow Airport employing more than 76,000 people and supporting 114,000 jobs locally, Stockley Business Park where occupiers include Mitsubishi, Canon and Toshiba, and The Golden Mile Brentford which is home to 200 multinational companies and employing over 25,000 people, including Glaxo Smith Kline and B Sky B. Ealing's GDP is currently at £10.5 billion and has more than 17,000 SME's supporting the local economy and employment.
The area already has strong educational facilities, which includes OFSTED Outstanding rated primary and secondary schools, such as Beaconsfield High School and Dormer Wells High School. World-renowned universities, including Royal Holloway University, Brunel University and University of West London, are also within close proximity. Eton College is also within easy reach.
Currently the development benefits from the Southall station, The Great Western Railway line that provides direct services to major employment hubs, such as Hayes, Reading, Ealing and straight into Paddington - which takes about 15 minutes travel time.
£1.9m has been invested for road, public space and station improvements, on top of that, the area will greatly benefit from the future infrastructure uplift of the arrival of Crossrail at Southall Station at early 2022, which will be located at the entrance of the development, will provide direct services to Heathrow in just 8 minutes, Bond Street in 17 minutes, Liverpool Street in 24 minutes, Canary Wharf in 31 minutes and Stratford in 33 minutes.
The ambitious 88 acres redevelopment will take approximately 20 years to be fully developed and by working closely with the council as well as the community to provide brand new spaces the community needs. The Green Quarter is planned with nature set at its heart, designed by Masterplan Architect JTP and landscaping by Applied Landscape Design, the masterplan will provide access to more green space than St James's Park and Green Park combined. It will have over 13 acres of parkland across two new parks, Central Gardens and 8 acres of wetlands to be delivered in partnership with biodiversity experts London Wildlife Trust. Close to two-thirds of the homes will have views overlooking water or green areas.
The redevelopment also aims to open up the neighbouring 90 acres Minet Country Park by creating a series of footbridges, enabling access for the whole community while reinstating 1.2km of towpath along the Grand Union Canal to create attractive and enjoyable pedestrian & cycle route.
The redevelopment will see 4 new neighbourhoods to be created, Parkside, Quarter Yard, Greenlands and Waterside, that will deliver up to 3,750 new homes and a new community with commercial and recreational spaces when the development is fully complete.
New Homes available in Phase 1 Parkside
Parkside is the first phase of residential properties for sale at The Green Quarter, the homes in the first phase looks out over to a new 4.5 acres Central Gardens, and where the first of a total of 2,500 trees to be planted across the development. Apartments set along the tree-lined boulevard offer striking views across these expansive gardens, trickling waterways, outdoor leisure spaces including an amphitheatre, play areas, fitness trails will provide a place for residents to relax and unwind. Community events including outdoor cinema screenings and food markets will create a thriving new community.
The Harris, a new release in Parkside will be launching soon in Kuala Lumpur this 30th & 31st October (Sat & Sun), Malaysian investors have the opportunity to be the first to view this new release, which consist of a total of only 84 units of one- and two- bedrooms apartments across 10 levels, all of which have balconies or terraces offering views across The Green Quarter. The tenure of the apartments is 999 years leasehold.
Purchasers will be given the chance to personalise their home with kitchen and bathroom palettes selected by interior designers (subject to stage of construction).
The homes are interior designed by Atellior Studio and include custom-designed fitted kitchen with handle-less soft-close units, silestone worktops, ceramic tiled splashbacks, Bosch electrical appliances; oven, fridge/freezer, dishwasher, extractor hood, induction hob, washer dryer; wood effect flooring to living areas and kitchen, carpet to bedrooms, built-in wardrobe to master bedroom, pendant lighting to bathrooms and, heating and lighting points.
Residents will have access to private podium gardens as well as a gym, co-working space, concierge and coffee station from completion day.
The Homes will benefit from a 10 years Premier Guarantee warranty on the building structure and 2 years developer's internal build warranty.
The completion of The Harris is expected to take place from the end of 2023 and purchasers are only required to pay 25% staged deposit (with no progressive interest payment during construction) and the full settlement upon completion. Financing for this development can be arranged from UK based financing institutions, 6-months prior to completion. UK Buy-to-let mortgages (interest only loans) allows investors gear their capital and achieve higher cash returns, by taking advantage of the current low interest rate to build their property investment portfolios.
The following phase, Quarter Yard will comprise commercial offerings with a new town square to welcome people to The Green Quarter and a mix of day-to-day amenities such as shops, cafés, and a food store.
Benham and Reeves, an independently owned London based property lettings and management agency, have been renting very well in the first building where completion took place earlier this February 2021. The development has seen very strong rental uptake despite the covid-19 lockdowns and with the site still being an active construction site. Rental yields on the first phase of homes at The Green Quarter are achieving up to 4.9%, and this represents a significant chance to buy early and capitalise on the Berkeley regeneration effect.
With the upcoming Crossrail station due to open in early 2022, travel times to the heart of the City will be greatly reduced (19 minutes to Tottenham Court Road station, 24 minutes to Liverpool station) and we foresee that rental demand would increase significantly when the Crossrail service starts operation.
Investors who are interested to diversify their MYR income but not sure how to it works to let and manage their London property investments from Malaysia, Benham and Reeves are able to provide their full after sales services, covering furnishing, lettings, property management, tax advisory as well as advisory on UK rental policies and procedures for foreign landlords, with their local KL office able to provide the service at the comfort of the local time zone.
The Green Quarter homes are priced from £317,500* onwards.
Cornerstone Xstate and Benham & Reeves will be launching The Harris at The Green Quarter on the 30th and 31st October (Saturday & Sunday) at The Four Seasons Hotel Kuala Lumpur, Level 6A, Ballroom 1, from 10am to 6pm. As we comply to the Covid-19 Standard Operating Procedures, it is advisable to reserve your attendance in advance to book your preferred time slot.
Please contact Melvin (PEA 2346) 012 228 6478 or Michelle (PEA 2347) 013 388 6813 to know more, make an appointment or log on to www.benhams.com/london/the-green-quarter-ealing/ for further details.
Cornerstone Xstate Sdn Bhd 1289663-A | A-5-10 & A-5-11 Block A, Ativo Plaza, No.1 Jalan PJU 9/1, Damansara Avenue, Bandar Sri Damansara, 52200 Kuala Lumpur. T 03 6261 7238. Benham & Reeves | A-1-10 Plaza Damas 3, Block A Jalan Sri Hartamas 1, Sri Hartamas, 50480 Kuala Lumpur. T 03 6211 6478. Approval number: LPEPH/FE/013/2021(KL). *Price quoted is available at time of publish & is subject to availability.