L&G and Berkeley to provide shared ownership near Canary Wharf

11 August 2020 | General

Developer Berkeley Homes has partnered with Legal & General Affordable Homes to unveil 78 shared ownership homes at South Quay Plaza, situated moments from Canary Wharf.

Situated within Hampton Tower at the new Foster + Partners-designed development, the studio, one and two bedroom apartments are available from £108,750 for a 25% share.

The government-backed shared ownership scheme allows purchasers to part-buy, part-rent a home, with a significantly lower deposit than is required for full private sale.

Justin Tibaldi, divisional managing director at Berkeley Homes (Capital), said: “This pioneering partnership with Legal & General Affordable Homes will provide an affordable opportunity to live in this landmark architectural development, close to the thriving employment opportunities, amenities and attractions of Canary Wharf.”

A two bedroom show home is available to view by appointment only, which includes floor to ceiling windows that ensure high levels of natural light.

Residents will also have access to a 24 hour concierge.

When complete, Berkeley Homes’ South Quay Plaza will comprise of three towers with a total of over 1,300 homes, creating a residential waterside district to complement the Canary Wharf skyline.

The development will also provide commercial and retail space.

This post has originally been featured in Property Wire.