The UK’s largest listed residential landlord, Grainger PLC, has revealed promising signs that the East London rental market is bouncing back, with Brits returning to the capital and the office as the economy reopens and Covid restrictions continue to ease.

Encouragingly, Grainger PLC and its Joint Venture partner has seen a 150% increase in tenancies in the past month alone at their, purpose-built private rental development, Millet Place, in East London. Located directly next to the DLR at Pontoon Dock and with easy access to the City and Canary Wharf, the development overlooks Thames Barrier Park, giving residents green space to enjoy on their doorstep.

With the latest Government advice encouraging Britain’s workforce to return to the office, and businesses planning their ‘new normal’ working patterns, interest in London-living is firmly back on the agenda.

Jonathan Pitt, Director of Lettings at Grainger plc said: “It’s encouraging to see the growth in enquiries and demand at Millet Place.

“Following what has been an incredibly challenging year for so many businesses, it’s uplifting to see that people are returning to the capital as this will undoubtedly help many businesses as they continue to recover in turbulent economic times.

“Our Millet Place development, offering a short commute to both Canary Wharf and the City and sought-after green space within walking distance, offers professionals, young families or down-sizers the ideal solution to city living.”

Jonathan added: “The benefit of our rental offering means those moving or returning to London can feel confident in their decision, with our ‘Stay as long as you want’ tenancy allowing options of up to three years, giving tenants added security and flexibility.

What’s more, with the Covid-19 pandemic ever evolving our residential properties provide additional co-working space meaning that for many who now have a part office and part home working contract, we can provide the perfect solution to both, particularly with the added benefit of super-fast WiFi included as standard.”