South-East London Archives - Page 2 of 7

July 24, 2024July 24, 2024

How the Pacific Tavern delivers myriad attractions at Canada Water

Toby Kidman has combined outdoor cooking, covered drinking and dining and live music at the reimagined south-east London venue

Image shows a honey coloured two storey brick building with green windows - the Pacific Tavern pub — The Pacific Tavern is located about 10 minutes’ walk from Canada Water station

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There’s something about The Pacific Tavern.

It might be that the place is essentially an island, cut off from its surroundings by road and a construction site.

It could be the expansive decked and covered area out back that feels somewhere between beach club and botanical garden.

Then there’s the rough-hewn planks of timber suspended on concrete that make its seating singular and even the bright images of pacific destinations that jazz up its toilets.

It’s all these things, of course, and more.

Because what founder Toby Kidman has managed to fill the venue with, is a good dose of pure, old-fashioned soul.

Purpose-built as a pub in the 1980s, the Pac Tav was formerly known as the Quebec Curve before spending 14 years as a Vietnamese restaurant.

Today, however, it has fresh legs as a pub, restaurant, bar, gig venue, sun trap or just a place to grab a coffee.

Toby is, in many ways, its ideal ambassador.

Like his venue, he comes across as laid back – a man with a sunny disposition ready to warmly welcome anyone who wants to visit for whatever reason.

Image shows Toby Kidman, a man with long curly hair, wearing a green shirt - founder of the Pacific Tavern — Toby Kidman of the Pacific Tavern

a new creation

“We’ve created a local tavern – pulled together a classic bar and drinks list with a good couple of craft beers and freshened things up with some delicious cocktails,” he said.

“They’re the kind of drinks that could transport you to feeling like you’re on holiday.

“On the space that used to be the car park, we’ve built a weatherproof 120-cover terrace with walls that can be removed and a couple of shipping containers in the open-air part with an outdoor bar and a stage for musicians, DJs, actors and comedians to perform on.

“It’s fun – you could be on a beach.

“When we built it we thought we might have afternoon and day parties with people dancing on the tables and feeling free – events where everyone is welcome.

“We’re starting to achieve that and people are really starting to enjoy the music we’re programming.

“There are no rules. If you want some food, grab it. If you want a beer, have one.

“There are no constraints, it’s like a community hall.”

Image shows wooden tables under a wooden and plastic weatherproof pergola at the back of the pub — The venue has a large, covered area with tables and a kitchen to its rear

all the way from New Zealand

That focus on meeting customers’ needs when they want is in Toby’s hospitality DNA.

Originally from New Zealand he came to London aged 18, taking his first steps in the industry before returning home to pursue a career in the sector.

A six-month stint working on a 72-foot catamaran in Greece saw him return to Europe, before a temporary trip to London to see a friend on the way home. In the end, he never left. That was 15 years ago.

“I had some friends who were starting an antipodean restaurant in the capital in 2010,” he said.

“At the time, the coffee here was mostly dreadful, restaurants were opening for lunch, closing, then reopening for dinner – it was all white tablecloths and there wasn’t much casual dining.

“Breakfast was either in a hotel or a workers’ caff.

“I’d never understood why all-day dining wasn’t popular.

“That was the idea behind Caravan.

“The concept was that, like the caravans that travelled the Silk Road, it picked up flavours from across the world.

“The first one opened in Exmouth Market and I was head of operations from 2011 until about a year ago – helping it expand and generally muddle along.

“We opened King’s Cross in 2012 and it grew from there.

“It attracted a melting pot of creatives, workers – we had good coffee, good beer and great pizza.

“Today, there are eight branches, including Canary Wharf and Covent Garden.

“I remember when putting avocado on toast on a lunch and dinner menu had people wondering what we were doing.

“But the idea was about not restricting cuisine – it’s still a very exciting brand.”

Toby knew Roger Madelin – joint head of British Land’s project to regenerate Canada Water – from the latter’s time at Argent working at Coal Drops Yard in King’s Cross where Caravan became an early and potent success.

Invited down to south-east London to check out what would become the Pacific Tavern, he immediately saw the potential.

Grilled squid at the pub on a plate covered in purple herbs — Grilled squid in a ponzu sauce, £7 at the Pacific Tavern

the Pacific Tavern’s potential

“The building itself has a real soul and heart to it,” said Toby.

“If you half-close your eyes for a second, you can just imagine what used to happen here when it was the Quebec Curve.

“Some of the old regulars are still round here and have been happy to see it revived.

“There are some great stories.”

What is completely new, however, is the freedom of the food offering, which deliberately sets the Pac Tav apart.

“The courtyard is covered so we can have it open all year round and that’s where we have our outdoor barbecue where we do all the cooking,” said Toby.

“We wanted to come up with a menu that didn’t restrict the cuisine, so you have the ability to use ingredients you can get from all over the place.

“So, fun, simple, honest cooking.”

Image shows a puff pastry pie on a wooden block with a red relish and salad — Kiwi pie of the day with tomato relish and fries, £13 at the venue

Pacific Tavern pastry pies

“We have New Zealand’s answer to the Cornish pasty – a shortcrust pastry pie with fillings such as mince and cheese, steak and cheese.

“Bacon and egg is a very traditional Kiwi pie filling – there we have pie warmers in every pub and off licence.

“You can grab one for breakfast, lunch or dinner.

“Everything is cooked over flames – the idea is that we take ingredients from around the Pacific Ocean and present them in a way that tastes great.

“We also have an open kitchen so people can go up, talk to the chefs and even order a chef’s plate with whatever they’ve got on.

“It’s about having the traditions of a pub with that Pacific twist to it. That’s in all our dishes.”

And what dishes they are.

Seafood features heavily with the likes of seabream crudo in coconut milk and lime juice with corn for crunch and grilled octopus skewers.

I could write about the menu all day, but it’s better if you go and try it.

The Pacific Tavern's seabream crudo in coconut milk and lime juice — Seabream crudo in coconut milk and lime juice, £13 at the Pacific Tavern

key details: The Pacific Tavern

The Pacific Tavern is open from 10am Thursday-Sunday with closing times up to midnight depending on the day.

It’s open from noon on Tuesdays and Wednesdays and is closed on Mondays.

The best way to keep up with events is to follow the venue on Instagram @thepacifictavern

Find out more about the pub here

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- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com

July 3, 2024July 3, 2024

NHG Homes offers buyers in London a way to buy property for less

Housing association has a wide range of shared ownership homes available in the capital

Image shows brick-clad residential blocks generated by a computer surrounding a two-storey red building at Kidbrooke Square — An artist’s impression of NHG Homes’ Kidbrooke Square development

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Deposits are typically the biggest hurdle for young people seeking to purchase a home in London.

The average house price in the capital (according to the latest figures from the Land Registry) currently stands at just over £500,000.

That means buyers on the open market would need at least £25,000 to purchase with a 5% mortgage and more likely £50,000 for a more affordable 90% loan-to-value deal.

While cheaper properties are, of course, available, the need to raise such sums remains a significant obstacle to getting on the ladder.

priced out – an NHG Homes survey

A recent survey of prospective first-time buyers by Opinium and affordable housing provder NHG Homes (part of housing association Notting Hill Genesis) found 81% of those aged 18-24 did not have access to a deposit of more than £40,000 – the 10% necessary to access many homes in the capital.

The study showed the average deposit buyers they had managed to put together was £22,963.

A computer generated image of open landscaped space at NHG Homes' Kidbrooke Square scheme — Kidbrooke Square will feature plenty of open space

income sources

It also revealed that, in a nation hit by a cost of living crisis, nearly half of 18-to-24-year-olds were looking at taking on second jobs to raise extra cash to put towards a home.

The survey also found 43% would be willing to hold off on having children to help them get on the ladder earlier in contrast to less than a quarter of those aged 25 or older.

The same did not apply with pets however, with a third of older buyers willing to go without an animal companion to save money as opposed to just under a fifth of adults aged 24 or younger.

family assistance

Opinium and NHG Homes’ study also showed that using cash from family was still a major source of funding for house purchases.

Around a quarter of those aged 35-44 said they were relying on money from parents to help them get a foot on the ladder, while 23% of people in relationships were looking to do the same to finance their first home.

Other relations were also listed as an important source of funds, with nearly a fifth of respondents aged 18-34 saying they were expecting to use contributions from family members who weren’t their parents.

Image shows a grey fitted kitchen in a property at Kidbrooke Square — Deposits on shared ownership homes can start from as little as four figures

an alternative from NHG Homes

Nearly half of respondents said they would consider shared ownership, if it meant they could purchase a property in the capital.

The scheme offers buyers the option to purchase a portion of a home while paying rent on the remainder.

It often works out cheaper than renting – especially given recent increases across London – and deposits start at 5% of typically a quarter of an apartment.

That means buyers with as little as £5,000 saved can potentially buy into a home worth more than £370,000 and live there as though they owned the whole thing.

NHG Homes sales and marketing director, Diana Alam, said: “Getting on the property ladder in London is a real challenge for first-time buyers, and it’s not surprising to us that many are having to look beyond their main source of income to save the amount needed for a deposit.

“Whether it be getting a second job or asking family members for a helping hand, this research has shown that buying through the open market in the capital requires more than simply setting money aside every month – particularly for younger buyers.

“The proportion of first-time buyers who would consider using shared ownership to purchase in London shows just how important it is to offer more affordable routes to home ownership.

“We’re proud at NHG Homes to offer properties across the capital that require deposits as low as four figures, meaning first time-buyers don’t have to choose between staying in London and getting on the property ladder.”

Image shows a bedroom at NHG Homes' Kidbrooke Square scheme in Greenwich — NHG Homes offers a wide range of shared ownership properties including this one at Kidbrooke Square

key details

NHG Homes offers a wide range of shared ownership options across London.

For example, one, two and three-bedroom homes are available to buy at Kidbrooke Square via shared ownership, with prices starting at £93,125 for a 25% share and a minimum 5% deposit of £4,594. This is based on a full market value of £372,500.

Average monthly costs for a one-bedroom are estimated at £1,386, including mortgage payments, service charge and rent on the un-owned portion of the property.

Find out more about Kidbrooke Square here

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- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com

July 2, 2024July 2, 2024

BelEve aims to help girls and young women achieve their dreams

Co-founders Marsha and Chyloe Powell talk inspiration from their mother, love and possibility

Image shows two women with black hair, the one on the left in a black jacket and white top and the one on the right in a white button up shirt. They are, Chyloe, left, and Marsha Powell of charity BelEve — Chyloe, left, and Marsha Powell of charity BelEve

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Marsha Powell grew up in Brockley with the flashing light on top One Canada Square visible from her bedroom window.

Despite starting her career with only GCSEs on her CV, she made it to the estate, working in HR for the Financial Services Authority (now the Financial Conduct Authority) for more than 13 years.

“I’d done work experience in human resources and it was my dream to work in that sector,” she said.

“When I joined the FSA aged 19, I decided that was what I wanted to do and, through hard work, I was afforded that opportunity.

“I made sure I had good mentors and cheerleaders and I went back to college, did my degree and a masters, and that put me in a good place educationally on the career path.

“I also had two children at that time.

“I became an HR business partner, living my dream, and supporting people like Andrew Bailey – who’s now the governor of the Bank Of England.

“I was working at 25 North Colonnade in Canary Wharf and it was at the time when the FSA was being separated from the Bank.

“I had to decide whether I wanted to stay or go as my role was moving to the City.”

It was also a period of great tragedy in Marsha’s personal life.

BelEve, inspired by a tragedy

“My mother, Delores Diana Hay, had been diagnosed with gall bladder cancer and, about 10 weeks later, she passed,” said Marsha.

“My sisters, Chyloe, Rochelle and me had been talking about developing a mentoring programme for girls before my mum died, and her death gave me the opportunity to be bold.

“I had a bit of money to try something and two children – a daughter aged 10 and a son aged five.

“For me, it was either do this now or never.

“That’s how BelEve was born, on my dining room table – I just used all my transferable skills and started it with the help of my sisters.

“We keep our mum’s name alive through our organisation, and through our pain has come purpose.”

Working with girls and young women aged eight to 22, the charity has supported more than 20,000 people, offering support, education, guidance and positive solutions.

It aims to offer opportunities to those it works with, intending to boost their confidence, self-esteem and skill sets as well as giving them access to inspirational role models to help unlock their full potential.

Image shows an image of One Canada Square in Canary Wharf, a stainless steel-clad office block below a blue sky. — Marsha grew up with the light from One Canada Square blinking in her window

core values

“We founded the charity because we wanted to use all the core values our mum taught us such as sisterhood and love,” said Chyloe, BelEve’s chief finance officer.

“We teach the girls that if they can lead themselves first, then they can have confidence and have all the attributes which they need to lead others around them.

“I worked in fashion for 12 years.

“Then, like Marsha, when we found out mum was ill, it changed my perspective on things.

“When she passed away, I realised that what I was doing was not meaningful – anyone can buy clothes.

“I felt I needed a bit of a break to process what had happened.

“We were all really young and it was challenging to navigate life without someone who had been our anchor.

“It got to a point where I wasn’t really enjoying work any more, so Marsha suggested I should just leave and join her.

“We grew up in south-east London and we work mostly in Lewisham, Southwark and Greenwich.

“We know that deprivation is high in these areas, so we wanted to offer something that wasn’t a cost to the parents – that young people could get free of charge.

“Our programmes are free to young people and we get funding through sponsorship or donations.

“BelEve is about feeding back into the local ecosystem of our community.

“We wanted to make sure that young people were not stuck because of their beginnings, to give them options and opportunities.

“About 80% of the girls we work with are black or from ethnic minorities and we want them to see role models that look like them – you can’t be what you can’t see.

“In Brockley where we grew up there’s an affluent part and an area with an estate.

“We want to assure the girls and young women we work with that starting on the estate side doesn’t mean you can’t cross over to the area with the coffee shops.

“Often those we work with are the first in their families to go to university and get high paid jobs – which has an impact on everyone. We want that effect to be systemic in those families.”

from HR to CEO at BelEve

For Marsha, who runs the charity as CEO, BelEve is about generating those opportunities as well as helping those it works with see themselves in roles at large firms and organisations.

She said: “I worked in HR for a long time and diversity and inclusion has long been a thing.

“But for some organisations it was a quota – a top-down, rather than bottom-up approach to that commitment.

“I do think the George Floyd situation and the emergence of Black Lives Matter was a big shift in that space.

“I think a lot of white execs were suddenly thinking they had a lot of responsibility – that they couldn’t say they were supporting diversity when they weren’t actually doing much about it.

“Has it changed the way that organisations recruit? I think younger people are very committed to it.

“For example, I’ve been to so many panels where people openly say they are autistic or have ADHD.

“People would never have talked about that in a workplace before, but now it’s accepted and we’re working in a diverse space where we can employ anyone and can get the best from them.

“Ultimately it’s always about the bottom line and difference always brings profit.

“At BelEve, everything we do is centred around love because, when you have a sense of belonging, then anything is possible.

“We deliver workshops in primary and secondary schools. We also deliver mentoring and what is important to us is that girls get an opportunity to experience true role models.

“If you want to work in the city, then you need to meet the women who work there.

“I have got a good network and a lot of that has come from my time working in Canary Wharf.

“It’s about creating opportunities and experiences for girls to see how they can create career prospects, which can ultimately improve their life chances.

“That is all very big, but it is doable with the right support, the right network, the right opportunities and experiences. I use myself as a blueprint.”

transformative possibilities

“We are selling hope, possibility and transformation,” added Marsha.

“We’re always looking for women who are prepared to give time and share their experiences.

“Luckily for us we have a good array of people who want to give back to the next generation.

“The most beautiful thing is when you see a young girl who is displaying low confidence coming to a workshop and blossoming like a flower or a butterfly.

“That change is so rewarding.

“I’m not even thinking about the business side, I’m thinking about the lives that we’ve touched – the girls whose prospects have altered dramatically through our intervention.

“We had an event in March and one of the girls stood up and spoke on stage.

“She said that she’d joined BelEve at 14, was very shy and not even thinking about university.

“Now, at 19, she’s going to Cambridge, and that’s because she had a mentor through our organisation.

“She’d had so much opportunity because people around her made her believe she could do it.”

seeing the results

Chyloe added: “One of our success stories is partnering with the Civil Service who contacted us because they’d seen women from black and ethnic minorities weren’t getting through their assessment centres.

“We built a programme and have seen six girls find roles that way and that’s when I think we’ve done a good job.”

As a charity, BelEve is always looking for fresh support and partnerships to expand and grow its activities.

“The support we get from our donors and partners is very much appreciated,” added Chyloe.

“We have a campaign at the moment where we want to support at least 50 girls aged eight-15 on a summer programme and offer it for free.

“It’s called the Summer Of Love and we ran it last year. It was a huge success, with workshops, activities and trips for three weeks.

“A lot of those on last year’s programme are now a part of our community so it’s something we want to do again.

“We’re asking people to donate £25 and £250 gets each girl three weeks of non-stop summer activities.”

key details: BelEve

You can find out more about BelEve’s programmes and workshops here including ways to donate or get involved as a company.

Read Wharf Life’s e-edition here

Subscribe to our free Wharf Whispers newsletter here

- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com

June 29, 2024June 29, 2024

Ben Goldsmith set for CrimeLandTown preview at The Pen Theatre

Affectionate spoof of mob movies is set for month-long run at JustTheTonic for the Edinburgh Fringe

Image shows a smiling man with blue eyes and red hair in a black and white check jacket and white T-shirt in front of Billingsgate Fish Market's red brick buildings — Comedian Ben Goldsmith, also founder and director of Goldsmith Communications

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Like many involved in the murky world of organised crime, Ben Goldsmith leads a double life.

By day, he’s founder and director of Goldsmith Communications – a public relations consultancy specialising in serving tech and venture capital clients.

But, by night, he can be found indulging his other passion – trying to make people laugh.

“Comedy is never a fork in the road decision – as a kid you know you’re a bit of an idiot and that plays out at school,” said Ben. “You just have it in you.

“I was used to teachers telling me off – that we should be getting on with maths rather than telling jokes.

“But my A-Level theatre studies teacher, Coral Walton at Monk’s Walk School in Welwyn Garden City, just thought it was great – that I was good at these things and she encouraged me.

“I don’t come from a family of performing people and it was Coral who, as a director at the local theatre, told me I should audition for a play she was putting on.

“This was never on my radar and I thought: ‘No way’ – it just wasn’t cool at 16.

“But she insisted and even drove me to the audition.

“I got the part and then, up until the age of 21, I did a bunch of acting stuff alongside university, where I worked on student papers and got into the world of journalism and PR.”

Comedian Ben Goldsmith mock-punches himself in front of an air vent to promote his show CrimeLandTown — Ben plays all the characters in his show CrimeLandTown

a move into comms

Ben’s career in communications then took over, seeing him move through various roles including running the PR operation for Canary Wharf’s tech community, Level39.

But he remained interested in the performing arts and especially comedy.

“Every August I’d go to the Edinburgh Fringe and I loved it,” he said. “It was like my perfect theme park, seeing comedians I liked and discovering new performers.”

After five years concentrating on his career, an encounter with Graham Dickson’s improv show at the festival sparked something in Ben and he returned to London, enrolled on a comedy class and started performing again.

“For years I did improvisation alongside my work,” he said.

“When I was 27 I set up Goldsmith Communications and the comedy was incredibly helpful because, when you’re setting up a business, every day is completely new and you have to adapt to it.

“The other brilliant thing about improv is that there are no lines to learn, so it fits in if you’re busy. It’s a huge part of my life – I met my wife through comedy.”

Ben narrows his eyes and peers at teh camera with his mouth half open — Ben Goldsmith says his show is an affectionate spoof of mob movies

Ben Goldsmith on his love for mob movies

The success of his PR business means Ben has a bit more freedom now to once again pursue comedy and he’s indulging another of his passions – Mafia movies – in a move away from improv.

“I’m making a show and taking it up to Edinburgh, which is massive,” he said.

“I took a piece called Steve’s Last Day to the Prague Fringe, which was all about a copper’s final shift with all the action taking place in the village hall.

“I did it six times and it went down really well, but I decided to put it aside because I knew what I really wanted to do.

“I’ve always loved mob movies.

“The characters are so much larger than life – they’re such a bunch of goofballs – so you can play with those stereotypes.

“I’ve been working on CrimeLandTown for the last year or so, building it up and presenting it as a work in progress.

“If you enjoy Mafia movies, you’ll enjoy the show.

“The idea is the audience is involved in what’s happening – you’ll always be a part of what’s going on.

“You might be part of a heist that one of my characters is leading, or guests in a club.

“You’ll meet mob bosses, the FBI and a bar singer who gets in too deep, then wants to clear his name.”

Comedian Ben Goldmsmith raises a finger in a mock salute while making a funny face — CrimeLandTown will have several previews in London before transferring to Edinburgh

playing all the parts in CrimeLandTown

For Ben, the show is a labour of love, poking fun at a genre rich in tropes and silliness, but from a place of respect.

Playing all the parts himself, it’s structured as a series of sketches that all combine to tell a story of wise guys and dodgy accents.

“I describe it as an affectionate spoof,” he said.

“People are familiar with these movies, which are often a bit like a high wire act because while they are about serious topics, many of them are also super funny.

“If you’re parodying anything, it’s important to work out what people already know – if you’re a nerd about those things, you’ve got to be aware how geeky you are.

“I’ve watched the movies and the TV shows, so I know what will be familiar to people who like the films, but hopefully a lot of the stuff will be funny to those who are not so familiar.

“In the show, the main character – a bar singer who always wanted to be a wise guy – sees the impending heist as a chance to live his dream of becoming a mobster.

“We’ve all had dreams and made compromises, so this guy takes a singing job in a mob-adjacent industry – then gets his chance to become part of it and it all ends one way or another.

“Of course, people who like the genre don’t want to see me take the piss out of them.

“CrimeTownLand just aims to celebrate the funny things about them. “

Ben Goldsmith wears a pair of sunglasses and makes a silly face in Canary Wharf while promoting his new show CrimeLandTown — Ben says, like those in organised crime, he’s always wanted to push against the everyday

Ben Goldsmith on transgressing

“When you watch a mob movie, everyone in it is rejecting the conventional,” said Ben.

“They’re living outside the legal norms and everyone is transgressing. There’s a thrill in that.

“Personally, I’ve always wanted to push against the everyday too.

“Comedy is funny when people are trying to skewer the world and look at everything from a sideways perspective.

“Being at Level39, I was around a lot of business founders and it dawned on me that many of them just wanted to kick the crap out of the nine-to-five and do their own thing.

“Similarly, people doing comedy want to see what’s out there and then to try and bend or break it, just like the characters in mob movies.

“Starting my own business totally changed my life.

“It’s now given me the time and the bandwidth to create shows and do these festivals.

“There’s a lot to do, but it works if you plan things.

“I know a bunch of comedians who are working and went into it without a safety net, but I needed to have the security of having the career side sorted.

“Right now I just love that I’m able to do it.

“When I first went up to the Fringe I didn’t know anyone who was performing.

“I wasn’t doing improv and my local theatre days were behind me.

“However, the people I met up there ultimately put me in the position to make this show now. Compared to others, it’s tiny – a 60-person room for 24 days in August.

“But hopefully it will be a step on the way to the next thing, whatever that is.

“Either way, it’s been a dream to take a show to Edinburgh – it’s worth a go and it might just pay off.

“After the Fringe, I’d love to take it to more places round the neighbourhood.

“I’m keen to keep going because it’s just a really fun thing to do.”

So, you’ve got the dates. Just remember, don’t forget about it.

our thing

Ben Goldsmith’s CrimeLandTown will be performed at The Pen Theatre in South Bermondsey on July 11, 2024, at 7pm. Tickets cost £8.30.

Ben Goldsmith will also be performing his show at Watford Pump House on July 20, 2024, and Aces And Eights in Tufnell Park on July 25, 2024, before taking it to the Edinburgh Fringe at JustTheTonic from August 1-25, 2024.

Find out more about the show here

Read Wharf Life’s e-edition here

Subscribe to our free Wharf Whispers newsletter here

- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com

May 31, 2024May 31, 2024

Why Kidbrooke Square shared ownership homes offer security

NHG Homes senior sales executive Daniel Jennings talks value at the south-east London development

Images shows a computer generated scene of Kidbrooke Square, four blocks of brick-clad flats around a central square with a red tiled building — An artist’s impression of how Kidbrooke Square will look when finished

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Daniel Jennings is perhaps NHG Homes’ most potent asset in marketing shared ownership properties at its Kidbrooke Square development.

The senior sales executive is on something of a personal mission to spread the word about what’s available to prospective buyers, having seen the benefits for himself.

He said: “Before my current role, I was a sales account manager for big tech companies in America.

“I did very well, winning awards and becoming the firm’s top salesperson worldwide.

“About four-and-a-half years ago, my now wife and I bought a shared ownership property from an affordable housing provider.

“That was a three-bed in the Beckenham area, with underground parking.

“I’m from west London, so I came all the way over to the south-east of the city, where the value for money is amazing – there’s the greenery, the parks and it’s away from the hustle and bustle.

“I realised how much not having that had affected me, so I wanted us to live where we could walk around and feel the fresh air.

“We couldn’t believe that a three-bed was affordable – it was a dream to us.

“Buying a home that’s 1,000sq ft in London gave me an appreciation for shared ownership as a product.

“We were planning to get married, wanted to start a family and so we moved into the three-bed. But then the pandemic happened and I got made redundant straight away.

“We’d moved in December 2019 and I can remember thinking how lucky we were to have lockdown in this beautiful property.

“I decided I wanted a role where I could make a difference.”

Image shows a man with glasses in a white shirt with a beard, Daniel Jennings, a senior sales executive for NHG Homes — NHG Homes senior sales executive Daniel Jennings

working for NHG Homes

“I wanted to help other people feel like I had, so I thought I’d try to get my feet wet, joined NHG Homes and sold seven properties in my first two weeks,” said Daniel.

“Since then, I’ve been promoted and now, when I talk to buyers, I don’t really have to sell.

“I just show them what we have, talk about my experiences with shared ownership and how I felt when I bought into it.

“Then we talk about pros and cons options and what makes sense for them, what their goals are and what’s right.

“We really try to focus on them as people and try to find something that works.

“This includes thinking about location, commutes to work, the safety of the neighbourhood and whether there’s enough light and space.

“We even look at which way a property faces and whether the buyer is a morning or an evening person.”

Image shows a show home at Kidbrooke Square with wooden floors and comfortable furnishings. The room is an open-plan living area with a kitchen — A show home at Kidbrooke Square’s Borsberry House

what’s on offer at Kidbrooke Square

Kidbrooke Square itself isn’t exactly without attractions.

The development, which includes a mix of tenures, is located on the doorstep of Kidbrooke station.

This is ideal for rapid connections to Lewisham (for Canary Wharf and the DLR) or direct trains into the City.

The scheme features a concierge service, residents’ gym facilities and private podium gardens.

It also boasts landscaped grounds, plans for a cafe in what’s currently the marketing suite and its own dedicated bus route.

Further benefits include being close to Berkeley Homes’ extensive regeneration of the Ferrier Estate, which has seen many local amenities arrive in the area.

These include shops, a pub, a cafe and the playgrounds and the extensive spaces of Cator Park.

Greenery nearby is something of a theme.

Kidbrooke Green Park, Manor House And Gardens, Blackheath Common, Greenwich Park and Charlton Park are all within a 15-minute bike ride or half-hour walk of NHG Homes’ new properties.

Then there are the homes themselves.

These feature balconies or winter gardens, open-plan living areas with wood effect flooring, fitted kitchens with Zanussi appliances and porcelain tiling in the bathrooms.

All come with high quality sound proofing, air filter technology plus communal heating and hot water systems.

They make for a compelling proposition in comparison to the prospect of renting privately.

Image shows a modern fitted kitchen with white units and Zanussi appliances — A kitchen in a show home at Borsberry House

security in shared ownership

“Shared ownership means buying a home for life,” said Daniel.

“You can do what you want, no-one’s going to kick you out.

“You can put your pictures up, paint your walls and there won’t be any difficult conversations with landlords about rents going up.

“Being a tenant can be tough.

“By the time you see a property and call, it can be let, or you have to make a decision on the spot when you see it.

“With shared ownership there are so many options.

“Take someone earning £40,000 or £45,000.

“If they put down a £9,000 deposit, 10%, they can get a one-bed and then feel comfortable with their income and paying their bills each month.”

Image shows a computer generate scene of lawns and flowerbeds between blocks of apartments — An artist’s impression of open space at Kidbrooke Square

escaping tenancy with a home at Kidbrooke Square

“Most people who are renting are sick of sinking their money into paying someone else’s mortgage,” said Daniel.

“With shared ownership, you’ve got equity that you can build on and what you’re paying in rent, which is capped, is going to a good cause – it supports communities by building more affordable housing.

“Then, if you want to sell your share, you’ll get support from us and the fees will be cheaper than an estate agency.

“Most people – I’d say around 80% or 90% – who buy a shared ownership home are first-time buyers although you don’t have to be.

“That means we exercise patience – we know they will want us to talk them through everything and really break down all the elements of how it works.

“People have a lot of questions about how rent increases happen and why service charges can change.

“But these things can seem scarier than they actually are.

“I’m able to use my personal experience to show them that my rent, for example, might have risen £60 a month but a property in the private market might have gone up £300 or £400.

“That helps calm people when they have that understanding.”

Image shows a show home bedroom at Kidbrooke Square with a bed, desk, chair and brightly coloured art on the walls — One, two and three-bedroom homes are available at the scheme

key details

Shared ownership homes at Kidbrooke Square start at £91,875, £113,125 or £158,750 for 25% shares in a one, two or three-bedroom apartment respectively.

Monthly costs for the above are estimated to be £1,344, £1,550 and £2,042 including mortgage payments, rent and service charge.

Find out more about shared ownership homes at the development here or call 020 4579 2974

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- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com

May 17, 2024May 17, 2024

How Square Roots Lewisham is set to mark construction finishing

Affordable housing provider owned by London Square will unveil show home in south-east London

A computer generated images of Square Roots Lewisham, a south-east London development built in white brick — An artist’s impression of Square Roots Lewisham

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Incentives and pizazz are to be expected as Square Roots Lewisham celebrates completion next month.

Residents and prospective buyers are set to come together on June 15, 2024, for an event at the development on the banks of the River Ravensbourne.

There, the affordable housing provider will host buyers and guests to mark the culmination of construction work alongside a chance to view its new three-bedroom show home.

Square Roots, which is owned by developer London Square, has created a scheme in south-east London comprising 141 apartments all with private outdoor space.

The properties themselves feature dedicated home working stations with power and high speed Wi-fi options.

Further amenities at the development include a rooftop terrace for residents, cycle storage and landscaped gardens.

A show home interior at Square Roots Lewhisham showing a grey kitchen and an open-plan living area — A new show home is set to be launched at the development in May

incentives at Square Roots Lewisham

But these aren’t the only attractions to tempt buyers.

Square Roots has put together incentive packages, with buyers able to select from a number of options worth up to £4,000 or £6,000 if reserving a one-bed or two-bed respectively.

These include window treatments from Thread And Dandy and vouchers for John Lewis and IKEA.

Annual Travel Card for Zones 1-6 or an annual parking space at Lewisham Shopping Centre are also on offer. Naturally, terms apply.

Square Roots Lewisham head of sales, Becky Boden, said: “Square Roots Lewisham offers an amazing opportunity to live close to central London in a beautifully designed, high quality new home that’s affordable.

“Look out for our Unveiling New Heights At Square Roots event on June 15 – launching new apartments and celebrating the completion of the development, plus there will be a new show home to view.

“This will be an event for both residents and the public with cocktails, food, and sax players playing Ibiza classics.”

A computer generated image showing the skyline of Canary Wharf with Square Roots Lewisham in the foreground — An artist’s impression of the view at Square Roots Lewisham

get moving

For those quick off the mark, the new show home is set to officially launch on May 18, 2024.

Prospective buyers invited to view between noon and 4pm.

Square Roots is also able to connect those seeking to make a purchase with an independent financial adviser who can assist in securing a mortgage.

With the soaring cost of renting in London, affordable housing providers are increasingly holding up shared ownership as a mirror to renting in the capital.

At Square Roots Lewisham, a buyer taking out a 35-year mortgage on 25% of a £415,000 one-bed with a 5% deposit could expect to pay around £1,422 per month for a 544sq ft one-bed.

That figure includes mortgage repayment, rent and service charge.

A similar size property for rental in Lewisham currently costs about £1,575 – £152 more – per month.

That’s a potential saving of £1,824 a year.

Buyers would need a 5% deposit of £5,188 and a minimum household income of £46,119.

An image showing the lounge of a show home at Square Roots Lewisham — The show home will also be available to view at an event in June

local amenities near Square Roots Lewisham

Beyond price, of course, a shared ownership buyer is also free to enjoy the property as though they own the whole thing.

There will be no quibbles over decorating and – crucially – no uncertainty over whether they will be required to suddenly move out.

Living in Lewisham offers a multitude of benefits with extensive regeneration already underway in the area, which boasts many restaurants, cafés, bars and shops.

The Square Roots development is located within seven minutes’ walk of Lewisham station.

This hub offers direct connections to London Bridge in eight minutes as well as rapid access to east London via the DLR.

Those working in Canary Wharf can expect a commute of about 20 minutes.

The development will feature communal roof terrace space

need to know

One, two and three-bedroom shared ownership homes are available at Square Roots Lewisham, as well as two-bed duplexes.

Prices start at £103,750 for a 25% share of a property with a full market value of £415,000. The properties will be available to move into this summer.

The estimated service charge at the development is £3.13 per sq ft.

Find out more about the scheme here

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- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com

May 6, 2024May 6, 2024

Canada Water: How Van Rysel has launched in London Decathlon

French cycling brand Van Rysel opens its first UK store with bikes and products on sale

The Van Rysel store at Decathlon is shown with bright lights and bikes on display — The Van Rysel store in Decathlon at Canada Water

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Decathlon in Canada Water is vast, a multi-level temple to sports and outdoor equipment for all kinds of activities.

That the store sells bikes is nothing new. However, a major change has occurred.

For the first time, the French retailer has brought cycling products from its subsidiary Van Rysel into the store – the brand’s first presence in London.

Since its creation in 2018, the company has been making waves.

Flemish for “From Lille” its name recalls the location of Decathlon’s worldwide headquarters, conjuring forth images of the bumpy cobbled streets used to help prove its products’ mettle.

Not, of course, that there’s much metal involved.

Van Rysel’s stated mission has long been to boost road riders’ performance through the use of high-end components and carbon frames.

An image of a Van Rysel bike frame is seen with others behind it — The store offers a multitude of bikes

Available now in south-east London

Located on the ground floor, Decathlon has dedicated a sizeable chunk of floorspace to this mission featuring bikes, clothing, workshop space and fitting facilities as well as racks of accessories.

It’s all aimed at drawing cyclists in, with eye-catching video displays, bright, glossy lighting and reflective blocks for the machines themselves to stand on.

Decathlon lead designer, Marc-Antoine Aubert, said “We opted for a distinct and eye-catching layout, with a centralised podium that showcases the hero Van Rysel bikes in the range.

“Behind this is the welcome desk, built from a material inspired by the famous showers of the Velodrome of Roubaix.

“Above the welcome desk is a large screen with a video playing that reflects and shines on the ‘miroir d’eau’ or ‘reflecting water’ of the big podium – that is a tribute to two main architectural jewels of the Roubaix area, the Villa Cavrois and the Museum La Piscine of Roubaix.

“Finally, the central structure is made out of steel grating, which took inspiration from the wind tunnel where Van Rysel developed its bikes.

“Each aspect of the store was considered and we can’t wait to see how the public engage with the space.”

A group of men in Van Rysel T-shirts are seen standing in the new store — The store has Van Rysel staff on hand to help with purchases and servicing

Ready to ride

It’s the bikes themselves, of course, that are the main attraction with a wealth of models released in recent years. Prices range from £999 to £5,500 for the core collections.

However, much was made at the store launch of the remarkable success currently being enjoyed by the bike used by pro team Decathlon AG2R La Mondiale.

The consumer version, the Van Rysel RCR Pro Replica, costs £9,000 (pricey but about £3,000 cheaper than comparable models) and has aerodynamics honed in military grade wind tunnels that has seen the machine that inspired it claim multiple professional racing victories so far this season.

Somehow its smoothed black lines fit perfectly in Decathlon’s new space.

Spare, economical, but rich in promise.

This images is a portrait of Van Rysel founder Nicolas Pierron wearing a white shirt and posing in front of bikes in the store — Van Rysel founder Nicolas Pierron

“We are thrilled to open our first Van Rysel store in London,” said brand founder Nicolas Pierron.

“This expansion is not just about opening a new store – it’s about inviting more people to experience the rich heritage and superior craftsmanship that Van Rysel stands for.

“We are excited to share our passion for cycling with the vibrant community of cyclists in London and look forward to becoming an integral part of the local culture.”

key details

Van Rysel’s products and workshop can be found on the ground floor of Decathlon in Canada Water.

The store is open 9am-8pm Monday-Saturday and 11am-5pm on Sundays.

Find out more about Van Rysel products here

Two men look at the Van Rysel RCR Pro Replica at Decathlon in Canada Water — Visitors survey the Van Rysel RCR Pro Replica at the store

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- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com

April 19, 2024April 19, 2024

Canada Water: How The Founding offers homes with views across London’s skyline

British Land and AustralianSuper’s regeneration of Canada Water see first homes hit the market

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Just over a month ago, something momentous happened in London’s property market.

British Land and its partner, AustralianSuper, celebrated the topping out of their first phase of development at Canada Water.

Dominating that site is the steel-clad edifice of The Founding, the project’s first residential tower, and every inch of its 35 storeys a flagship structure.

While its neighbouring buildings will contain a leisure centre, workspace and places to eat and drink, apartments mean people in residence 24-hours a day, 365 days a year, a potent addition to an already thriving south-east London community.

The building boasts views of central London and Canary Wharf

Over 12 years, the wider 53-acre site will have much more to come but our focus here is on what The Founding will offer as a place to live.

“It contains 186 apartments and the views from every side are fantastic,” said Simon Capp, head of residential sales at British Land.

“We’re super-lucky in that we’ve got low-rise geography locally overlooking Southwark Park to the west and Canada Dock to the east.

“Architecturally, it’s special, designed by Allies And Morrison, who have a strong track record in large-scale towers.

“It has quite an industrial, urban aesthetic – appropriate for Canada Water, which historically has been a hard-working part of town dealing with shipping and cargo.

“It has a warehouse-like feel.”

Head inside, though, and while there are some stylistic nods to industry, there’s also plenty of home comforts.

“All the interior architecture has been created by Conran And Partners, which has a really strong track record in luxury hotels and premium residential developments,” said Simon.

“We have two show flats – a one-bed and a two-bed – available for buyers to view at the marketing suite.

“The properties feature oak flooring and Crittall-style windows as well as concrete-style worktops, wooden kitchen cabinets and open-plan design.

“The building predominantly houses one and two-bedroom apartments, with around 15 three-beds on the upper floors with fabulous views and studios also available.”

Kitchens include Samsung appliances as standard

Residents can expect Samsung appliances as standard as well as underfloor heating and comfort cooling in one, two and three-beds.

Properties come with LED downlighters and track spotlights in the coffered ceiling areas of living rooms, sizeable bathrooms and balconies with views across London.

“Even for this first phase, we’ve got a very good level of enlivenment in the form of restaurants, cafes and bars,” said Simon.

“We’ve started work on the transformation of the courtyard, which will be completed late this summer.

“The Founding’s proximity to the station means it’s about a minute to get from the building’s lobby to the Tube and Overground services.

“As a residential offer, this is really one of a kind.”

With more than a decade of work taking place locally, The Founding is also well located to avoid much of the construction that is in the pipeline.

By the end of this year work to renovate Canada Dock will be complete meaning residents can move into The Founding safe in the knowledge that no significant building work on the project will take place on adjacent land.

Instead they’ll be able to take advantage of Asif Khan’s bridge over the docks and a new food, drink and cultural destination that will be installed at Surrey Quays as regeneration takes place further to the south and east.

“Canada Water is already a fully established place – a very nice neighbourhood,” said Simon.

“Our Canada Water project is more of a revitalisation – stitching something really exciting into what is already a well-established community.

“We’ve taken what we’ve learnt from other large scale developments such as King’s Cross and putting that into action.

“There will be a great mix of residential and commercial space and, with the dock, we’re working to increase the biodiversity to make this an even better place to live – a fresh and lively district.”

The Founding itself includes three roof terraces for residents to use as well as communal spaces for work and relaxation.

Further perks include three years’ membership to a London cycle hire scheme as well as bike storage for each apartment.

Ideally located for public transport, buyers can be in Canary Wharf or London Bridge within minutes, with the Windrush Line offering rapid access to the likes of Whitechapel, Shoreditch and Dalston.

Simon said: “Given that rents are currently high, people are looking to purchase.

“We’ve been getting interest from a mix of buyers including people who work in Canary Wharf, some of whom don’t want to live there and are looking for something a bit different.”

Studios, one-beds, two-beds and three-beds are all available

key details

Prices at The Founding start at £704,000 for studios and one-beds.

Two-beds start at £986,500, while three-beds are expected to start at around £2million.

Properties come with a circa 500 year lease and an estimated service charge of £6.56 per sq ft.

Find out more about The Founding here

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- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com

March 21, 2024March 21, 2024

Greenwich: How The Duke Of Greenwich is a community pub reborn near Maze Hill

Colomb Street venue features locally brewed beer, punchy food and an expansive garden for some sun

The Duke Of Greenwich is located near Maze Hill station

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A lovely thing happened during my visit to The Duke Of Greenwich.

I’m offered a cup of tea on arrival at the watering hole and – following a tour of its dining room, bar and garden – return to find that Jack Crystal at the bar has carefully timed the brewing and removed the bag to prevent things getting too strong.

A small courtesy, perhaps, but typical of the overall flavour of the place.

Sitting officially in Colomb Street, the pub has found a new lease of life.

Landlady Jo Shaw ran it for 18 years as The Vanburgh, before passing it on to Jonathan Kaye and his cohorts.

Together with brothers Nick and Dan Blucert, plus two sleeping partners, they took the place on having seen success with the Jolly Gardeners in Vauxhall and a couple of complementary shops.

So, running as an independent, what does their south-east London venture have to offer?

“About eight months ago we saw the leasehold was up for this pub,” said Jonathan.

“I actually live just across the road and had walked past it every day, so we started thinking.

“We took on the Jolly Gardeners site during lockdown so we got a good price, whereas this was more challenging and needed more doing to it.

“But we opened in July last year with a barbecue set up in the garden and then moved inside to serve Sunday roasts.

The pub’s bar offers a wide range of locally brewed craft beer

“This year we’re aiming to have an epic outdoor space, with a really nice vibe – rather like a festival.

“We want barbecue, fresh local beers, garden games, some sport on a big screen and, hopefully, ice cream – a place where everyone can come.”

Dating from 1871, the pub was originally called the Duke Of Edinburgh before becoming The Vanbrugh, named for architect, dramatist and Maze Hill resident Sir John Vanbrugh who designed Castle Howard and Blenheim Palace.

“We decided to change the name back to The Duke to recall the pub’s original name, but we also wanted to avoid confusion with other businesses in London, which is why we went with the Greenwich rather than Edinburgh,” said Jonathan.

“We’re trying to be something a little bit different from a normal pub and we want people to come and try us out.

“We take an honest approach to hospitality – we want to care for people when they come in.

“When regulars come here we should know who they are, know their stories and what they like to drink.

“We like to build community – that’s what I grew up with and what we like to see.

The Duke boasts an expansive outdoor area for guests to enjoy

“Pubs can be very transactional, but we don’t want that. We want to be open for everyone.

“We do quiz nights and live music, but we also have art from local artists on our walls that people can buy.

“It’s all about good food and good drink.

“You might come to us for a pint and some cauliflower wings or a three-course meal for your mum’s birthday – we offer those things and everything in between.”

The pub itself comprises a saloon bar with seating, a sit-down dining room with an open kitchen, a long sky-lit seating area with bi-fold doors and an expansive garden and terrace area.

Located close to Maze Hill station, it’s a formidable piece of real estate.

But the team running things have some serious experience between them beyond their recent ventures.

Operationally, Nick looks after the drinks, Dan oversees the food and Jonathan handles hospitality and anything else that needs seeing to.

Pints may start at £6 for The Duke Of Greenwich lager – made in Croydon by Signal Brewery – but as an independent, the pub has decided to primarily stock beers made locally, favouring quality over low prices.

“We’ve got quite a range,” said Jonathan. “In some cases, people will be drinking beer that’s been brewed just 24 hours beforehand, not sat around in a keg for ages.

“We also collaborate with the likes of Brew By Numbers and Villages Brewery.”

With the Big Easy, ETM Group, Oblix, Jimmy’s Farm and Polpo on their CVs, the trio also aim to deliver a food offering that lives up to the solid reputation they’ve created with their first pub.

Small plates include beer battered cod cheeks, crispy pork belly, cauliflower wings and asparagus, potato and pine nut salad.

These come with punchy accompaniments such as wild garlic aioli, freshly made slaw, dill pickle salsa and (best of all) a fiery chipotle sauce.

Most are around the £10 mark, while mains are typically just under £20. Sunday roasts max out at £24.

Pork belly with freshly made coleslaw at The Duke

The cooking is full of compelling crunch, with bold flavours and decent, colourful portions.

“We use Lyon’s Hill in Dorset for all our meat and James Knight Of Mayfair for our fish, straight from Cornwall,” said Jonathan.

“We use a company called Shrub Provisions, which sources produce straight from farms in the South East – it all makes a difference.

“For example, the coleslaw that is served with our pork belly is made fresh. Some places would just buy it in big tubs.

“We want people to come here, enjoy our hospitality and see that it’s worth it. We have some amazing ingredients and we also pay the London Living Wage to our staff.

“We’ll change the menu about four times a year, although popular dishes like the cauliflower wings will always be there.”

With warmer weather on the horizon, the team is currently sprucing up the garden and terrace with a view to screening selected sporting events such as the Olympics.

The venue is also available for weddings, with various areas bookable for events.

However, during normal operation, there will continue to be a focus on walk-ins.

“The dining room is the only part we take reservations for at the moment,” said Jonathan.

“We want to be a pub that’s open to everybody, whether it’s parties with kids or dog walkers.

“What I always look for is when people buy their second beer. You want people to come in and stay for a while.”

Having originally studied sports injury and massage, Jonathan was bitten by the hospitality bug in his early 20s, pouring half a Guinness at a venue in his native Essex where his brother was the chef.

“The guy ordering was very nice – I had to be shown how to do it – but he was speaking to me and I just fell in love with service,” he said.

“I’m obsessed with food and drink anyway and the people side of the business was just fantastic.

“I met Dan, who is now one of my business partners, working at a 50-seater gastro pub in Essex when he was head chef.

“It’s rare to get a front of house and back of house partnership working, but we got on really well.

“I followed him to London about 12 years ago and we had the idea to do a pub together during his stag do.”

And it was that ambition that has now led them to Greenwich…

Jonathan, right, with Nick and Dan Blucert at The Duke

need to know

The Duke Of Greenwich is located on the corner of Colomb Street and Woodlands Park Road.

The pub is open Wednesday-Sunday from noon until 11pm (9pm on Sundays).

It’s also open from 4pm-11pm on Tuesdays.

The Duke is within easy walking distance of Maze Hill station.

Find out more about The Duke Of Greenwich here

The pub can accommodate 150 diners at any one time

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- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com

March 21, 2024March 21, 2024

Property: How the cost of shared ownership compares with renting at Square Roots Lewisham in south-east London

Monthly outgoings for 25% of a property costs slightly less than comparable rental apartment

An artist’s impression of how Square Roots Lewisham when building work is complete

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Being a tenant in London can feel like you’re on a treadmill that it’s impossible to get off.

You work hard just to stay in the same place, with money simply disappearing from your account each month.

For that, you get a roof over your head and a property maintained, but seldom improved.

Rent’s expensive too, making saving cash for a deposit challenging at the best of times.

It’s a precarious situation, with rent rises and landlords selling up a constant reminder that a rapid house move may always be in the pipeline, with comparatively little notice.

Without capital or the means to build it up, the dream of home ownership can easily seem just that, a fantasy.

There is, however, another way. Affordable housing providers are increasingly holding up shared ownership deals as a mirror to renting.

Buyers can purchase 25% or more of a property with a mortgage while paying a capped rent on the remainder.

That typically means a much lower deposit than buying outright, plus lower monthly outgoings than comparable properties up for rent.

The scheme features a communal roof garden for residents to use

“It’s the biggest selling point,” said Kate McLure, regional sales manager for south London at London Square.

“As a developer that’s all about creating communities, it was quite apparent to us that there were a large number of people in the capital who want to purchase a property but aren’t able to get on the ladder.

“Your average Londoner who works in the city often isn’t able to buy on the open market.

“That’s why we set up Square Roots as an accredited affordable housing provider, so we could offer shared ownership to those people.

“The products that we’re building are similar in terms of specification – really this is about opening up opportunities for people to get access to these homes.”

Square Roots Lewisham recently launched, a scheme of 141 apartments with one, two and three-bedroom homes available on a shared ownership basis.

Prices start at £106,250 for a 25% share in a one-bed with a full market value of £425,000.

The scheme is located within walking distance of both rail and DLR services at Lewisham station beside the River Ravensbourne.

“The products we’re building at Square Roots are similar in specification to those we’re selling through London Square,” said Kate.

“Square Roots is really about opening up opportunities for people to be able to purchase these homes.

“The aim is that they can then staircase their share in the property until they own the whole thing.

“What we find is that a lot of people come to us who are renting privately in the surrounding areas and are paying more every month than they would on a mortgage payment and rent combined through shared ownership.”

A show home interior at Square Roots Lewisham

THE MATHS

To illustrate that point, we took a deep dive into the figures to see how the entry level one-bed at Square Roots Lewisham stacks up against a similar flat available for rent in the area.

Using Square Roots’ affordability calculator, buyers of the £425,000 one-bed can expect a monthly cost of £1,531.

That figure includes a mortgage payment of £658 based on a 25 year term with a 5% deposit of £5,313.

Then there’s £730 of rent, payable on the 75% owned by Square Roots at a rate of 2.75% of its value.

The remainder – £143 – is the estimated service charge for the 551sq ft property, at £3.13 per sq ft.

In contrast, a slightly smaller rental flat (538sq ft) at a similar distance from the station costs £1,575 per month to rent.

Square Roots Lewisham is located close. to Lewisham Station

“The other thing you get with shared ownership, which is really quite different to private rent, is security,” said Kate.

“It’s not like being a tenant. You don’t have to ask your landlord for permission to decorate or be worried about not getting your deposit back if you put picture hooks in the walls.

“It’s your property – you can do what you want with it, even though you’re sharing the ownership with the housing provider.

“You have that stability in knowing you won’t have to move and it works out as more affordable than renting.

“At Square Roots Lewisham, we’ve been very mindful not to build too many amenities into the scheme that would potentially make the service charge too expensive for people buying here.

“It’s right next to Lewisham town centre, so there are plenty of gyms, services, shops, restaurants and bars for buyers to enjoy.

“It’s a responsibility for us to attract as wide a customer base as possible and we don’t want to price people out.

“We want buyers to have the choice about what to spend their money on after they have moved in, rather than making assumptions about what they want.”

IN FOCUS
The entry-level one-bed apartment at Square Roots Lewisham comes with a fully-fitted kitchen, balcony, open-plan living area and built-in storage in the bedroom. Here are a few quick fire facts:
- Total size: 551sq ft
- Leasehold term: 990 years
- Time to Canary Wharf: 18 minutes (from station)
- Total value: £425,000
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- Estimated monthly cost: £1,531
 
- Time to cycle to Greenwich Park: 12 minutes
- Train travel to Cannon Street: 20 minutes

With parent company London Square’s name an homage to the communal outdoor spaces in the older parts of the city, Square Roots offers a communal roof garden on the fifth floor of its Lewisham scheme.

As an ongoing shared ownership partner with buyers, it will also host a customer community committee so residents will have a voice in how things are run on a long-term basis.

“It’s very much a collaborative effort,” said Kate.

“People will have a say and that say matters. I think shared ownership still needs demystifying to some extent.

“The process can seem overwhelming to first-time buyers, so I would always invite them to come and talk to us.

“We can then put them in touch with independent financial advisers who can help them to see what they can afford.”

Find our more about Square Roots Lewisham here

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- Jon Massey is co-founder and editorial director of Wharf Life and writes about a wide range of subjects in Canary Wharf, Docklands and east London - contact via jon.massey@wharf-life.com