One follow-up from the news that Television Centre will be redeveloped to include at least 1,000 flats: estate agents Strutt and Parker have been "charged with selling 1,000 residential apartments there at roughly £1,000 psf".
Here's a map from CBRE showing how the £1,000 per square foot rate has spread out from the centre of London since 2005. TV Centre will drag the boundary across Wood Lane - though I fear it will be a few more years before it travels down South Africa Road, and we see studio flats there at over £300k.
By my rough calculation, flats in MediaCityUK run at around £400 per square foot.
Wednesday, February 13, 2013
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