CBRE Borough Guide 2017: Newham
The summer Olympics in 2012 placed Stratford firmly on the residential map. As a result of the games, Stratford has been transformed from derelict backwater into a top residential and leisure location. 2,800 homes were initially delivered through the conversion of Athletes’ Village, now known as East Village. This development, along with other schemes spread across the Queen Elizabeth Olympic Park will bring some 11,000 new homes in total to the area. As part of this transformation, Olympic stadiums and arenas have been recycled to provide world class sporting facilities for the public such as the Aquatics Centre and the London Stadium.
At the new innovation hub ‘Here East’, new companies in the arts, education and tech industries are moving in, including UCL East who is setting up a new Life Sciences research centre at the heart of the Olympic Park. Westfield Stratford City, one of the largest urban shopping centres in Europe, also makes Stratford a major retail and leisure location. And as if to cement its evolution, Stratford was recently re-zoned on London’s tube map, bringing it into Zone 2, and thereby more closely associated with Central London.
Good to know:
- Newham has one of the highest ethnic minority populations of all the districts in the country, with no particular ethnic group dominating.
- Our forecasts suggest Newham will have one of the highest rates of house price growth in London over the next five years.
- Newham will have five Elizabeth Line (Crossrail) stations
- Newham has the only airport in inner London. City airport is three miles from Canary Wharf and six miles from the City of London.