Search

Revealed: The most expensive property sold in Tower Hamlets last year

PUBLISHED: 16:05 08 February 2018

Unsurprisingly, the highest amount paid for property in Tower Hamlets last year was in Canary Wharf. Picture: Ken Mears

Unsurprisingly, the highest amount paid for property in Tower Hamlets last year was in Canary Wharf. Picture: Ken Mears

Archant

Property worth £2.8 billion was sold in Tower Hamlets last year, figures reveal.

Land Registry data list 3,408 sales in the borough for 2017, including 14 worth £10 million or more.

Bermuda-registered company Spencer Holdings Ltd spent a whopping £257m for units in 5 Churchill Place, Canary Wharf – the most expensive property in the borough.

The deal represents the third highest payment by a foreign firm for property in the UK.

Meanwhile, two units in 20 Canada Square, the home of BP and big bank Morgan Stanley, were each bought for nearly £119m by DS Four Retail Ltd, which is registered in Barbados.

More than 850,000 residential sales were listed across England and Wales in 2017, down three per cent from the 877,307 recorded by this time the previous year.

The government shelved plans to privatise the Land Registry following heavy criticism in 2016.

Latest East London News Stories

Wondering what the weather has in store for us this weekend? Watch our Met Office video forecast.

Yesterday, 16:44

Two suspected phone snatchers have been arrested following a police chase through east and south London which ended when their moped crashed with a van.

Yesterday, 12:00

A large drug dealing gang who peddled their wares on the streets of Tower Hamlets are due to be sentenced today.

Yesterday, 09:15

A drug-smuggling gun runner who stored cannabis and equipment used to prep cocaine in a house in Poplar has been jailed for 17-and-a-half years.

Thu, 18:24

All the students taking A-levels at Whitechapel’s Swanlea Secondary have passed.

Thu, 16:00

Two directors of a convenience store in Bethnal Green where one of the largest haul of illegal alcohol was seized in the borough have been banned from running their own companies.

Thu, 14:25

A man has been rushed to hospital after he was hit by a car in Mile End today.

Thu, 14:19

A student from Canary Wharf has secured a place at university for September - accompanied by her guide dog.

PROMOTED CONTENT

Are you a landlord looking for a fixed rental income, paid whether the property is empty or not? Steve Westley, general manager at estate agents Elliot Leigh, explains their Guaranteed Rent Scheme and how it takes the stress out of letting your property.

Newsletter Sign Up

East London Advertiser twice-weekly newsletter
Sign up to receive our regular email newsletter

Our Privacy Policy

Most read news

Show Job Lists

Digital Edition

cover

Enjoy the
Docklands and East London Advertiser
e-edition today

Subscribe

Education and Training

cover

Read the
Education and Training
e-edition today

Read Now