Deptford's Whampoa

Deptford in East London is among the city’s poorest districts, and despite its closeness to the financial centres of the City and Canary Wharf – each a few minutes away by train – has yet to feel the full impact of soaring London house prices and the onward march of the foreign investor. Boris Johnson has approved plans for two towers of 38 storeys and a third of 48 storeys (Canary Wharf’s central tower is 50 storeys) to be built by the Hong Kong-based conglomerate Hutchison Whampoa at Conwoy Wharf. Soon there will be more towers on the south bank of River Thames which will hold 3,500 flats – 500 of them defined as “affordable”, the rest sold for whatever the market dictates to owners who see London property as an juicy asset rather than a home. Month by month it becomes steadily more obvious to Londoners that what shapes our lives and townscape is the power of other nations  money. Ultimately, the issue we have with developers is that they are not building the homes that ordinary Londoners can afford. Creating balanced communities is simply not their business; their role in 'regeneration' is totally skewed.Welcome to the Whampoa World.
     
         
 Deptford's  Whampoa




Deptford's Whampoa

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