An east London estate agent has ambitious plans to open a branch every year as its property portfolio snowballs.

Franklyn James specialises in homes in Canary Wharf, Limehouse and Blackheath, but believes the time is right to expand to other areas of the capital.

Managing director Sandy Chatterjee said: “We have noticed there are quite a lot of people moving from Canary Wharf to places like Greenwich, which are a bit greener and better for schools and raising a family.

“So, as places like Lewisham become more gentrified, you will see property prices there go up.”

The company currently has three offices and will be opening a new one in Blackheath in October.

Plans are also in place to open a new branch in Greenwich some time next year.

Sandy said the key to good business sense in the property market was to watch where the infrastructure projects were.

He said: “I moved into this field in 2004, because I could see the property potential that Canary Wharf had.

“Back then, I think the only tower in the area was One Canada Square, but there were plans to extend DLR services and the Jubilee line here, so you could see it coming together.”

He said the same could now be seen in other areas of London and that his firm was planning to open a branch every 12 months for the next four or five years.

He also had simple, but sound advice for those wanting to move into the property market.

He said: “If you want to know where the next up-and coming area is, just look for where the cranes are.”