Goodluck Hope: Island property in the heart of East London
Ballymore and KFI launch exclusive riverside neighbourhood.
East London has a new cultural hub. A joint venture between Irish developer Ballymore and Hong Kong real estate tycoon KFI is transforming the former industrial site of Leamouth South into a compelling riverside neighbourhood.
Goodluck Hope will feature 804 homes fronting directly onto the River Thames, as well as public promenades offering panoramic views of the city, 2,000 square metres of commercial space and a host of cultural attractions forming the capital's newest creative district.
Preserving maritime heritage
The Goodluck Hope development completes the ambitious regeneration of the Leamouth Peninsula into a major arts and culture destination in the east of the capital, following the success of London City Island in Leamouth North.
With river views on three sides, the new neighbourhood is steeped in maritime history and tradition. Nowhere is this more evident than at the Orchard Dry Dock, a Grade II-listed dock that's been restored and re-imagined as a social space for residents.
John Mulryan, Managing Director of Ballymore UK, explains: “Our vision for Goodluck Hope has always been to create a culturally rich, inspiring riverside neighbourhood community with a focus on innovation at its heart.
“The area has a strong industrial heritage and we wanted to build on that, creating an environment that enables artisans and creative individuals to come together to meet, work and share ideas.”
Surrounded by culture
Residents at Goodluck Hope will be immersed in art, culture and creativity at every turn. The Line, London's first contemporary art walk, will feature works from such esteemed artists as Antony Gormley and Damien Hirst, and the English National Ballet and London Film School are relocating to adjacent London City Island in 2018.
Other cultural institutions such as the Tate galleries, South Bank and O2 Arena are a short boat ride away. The financial and business district of Canary Wharf is just four minutes from nearby Canning Town Underground station, or a scenic 17-minute cruise aboard the new Thames Clipper. From here, the new Canary Wharf Crossrail station, opening in 2018, offers rapid transport to the city and Heathrow Airport.
Spacious riverfront suites
Architects Allies and Morrison took inspiration from the area's industrial maritime heritage when designing Goodluck Hope, from the forms and colours of the brickwork to the open-plan, warehouse style apartments.
Each of these spacious suites and one-, two- and three-bedroom apartments features floor-to-ceiling windows and bespoke fittings. Neighbourhood residents have exclusive access to facilities at the 1595 Club, including a swimming pool, steam room, gym and business center, plus a 24-hour concierge.
The development includes a private cinema and restaurant offering panoramic views over London. Residents are also granted automatic membership to the City Island Arts Club for more lifestyle offerings.
Unique investment opportunity
Goodluck Hope is set to become one of East London's most desirable neighbourhoods when the first residential properties open their doors from late 2019 to early 2020. As well as attracting artists and young professionals, its proximity to independent primary school the Faraday School also makes it ideal for families with children.
Mandy Wong, Head of International Properties at global real estate services firm JLL, highlights Goodluck Hope as an ideal opportunity for Hong Kong buyers looking to invest in the British capital.
“The UK economy has performed well since the Brexit vote and London's property market is expected to be supported by steady economic growth and a growing workforce,” Wong says.
“Considering the scarcity of residential properties of this high quality in London, Goodluck Hope will offer a great investment opportunity. The weaker British pound adds to the attraction of the project for overseas buyers.”