Property News – Whitechapel East London

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Green Oak real estate has fronted £50 million for purchase of a block measuring 4.5 acre, right behind the Royal London Hospital, Whitechapel. A strong competition was faced over here to purchase a site where new homes of 500,000 sq ft could be made along with a hotel. Current prices being £350 per sq ft, the prices of property are now expected to almost double the present values. Colin Hargreaves, an agent at Gryphon Property Partners stated that “this area has leapt from a nowhere-ville to the place to develop”. A lot of other developments are also in the process of heating up this region with new investment options.

Property news Whitechapel East London

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