London is a city where you can find almost anything, including great transport links and fantastic shopping destinations. Sometimes the two even fit nicely together. That idea is inspiring TfL as they look to improve the Festival and Greenwich Piers. We want to have a closer look at this today. Then, if you need help with investment properties in Greenwich, you can speak to us.

The two piers

Festival Pier is close to the South Bank Centre and various other attractions. It is fully accessible and offers a number of services, including River Services for commuters, leisure cruises, and tours.

Greenwich Pier is close to the Cutty Sark and the Old Royal Naval College in the Maritime District. Various river operators use the pier, including TfL and Uber. There are also a number of sightseeing cruise services.

While both piers are still in use, TfL currently operates both at a net cost. As a result, they are looking for ways to transform them. The hope is redevelopment could turn them around so they become profitable.

Proposals

TfL would like to find new brand partnerships for the piers. These would lead to redevelopment and modernisation of the infrastructure. It could also bring the creation of new facilities such as retail spaces or themed experiences. It could result in some of the most unique examples of investment properties in Greenwich and Lambeth.

TfL said the current piers were “dated”. Greenwich Pier dates back to 1836, so it does have a long history. Festival Pier is newer, dating back to 1951. It was originally in Battersea, but was moved to its current home on the South Bank.

However, there are opportunities here. Festival pier welcomes 102,000 passengers every year according to TfL’s figures. Greenwich Pier is even more popular, with 1.1 million travellers. Plus, millions of people visit nearby attractions in both areas annually. So, there is an opportunity for brands to redevelop some incredible space and get in front of lots of people.

TfL does have a few requirements for the redevelopments though. Most crucially, they want to ensure that the piers remain functional for river services. As a result, access and safety must be a priority.

It will be interesting to see what kind of proposals come forward, and the brands behind them. Any parties with a project in mind can contact TfL for the full development brief and scope document.

Do you need help with investment properties in Greenwich?

Finefair Ltd has a wealth of experience when it comes to different investment properties. We have clients with all manner of assets, from typical houses to penthouse apartments. There are even a fair few unique ones too, such as blocks, HMOs, and estates. Whatever the case, we do all we can to offer bespoke services that are consistent.

So, if you need any help at all with investment properties in Greenwich or other parts of London, speak to us. We’d be happy to show what we can do and explain the benefits, especially guaranteed rent.