Follow on Google News News By Tag Industry News News By Location Country(s) Industry News
Follow on Google News | Chestertons to unveil London’s US$2.4 billion Royal Wharf project for Dubai investorsResidential properties in London have appreciated as average prices see a hike of 25.4%
By: Chestertons As per Chestertons recent report the longer term performance track record of London’s prime residential property market remains impressive. Average prices in London in May were 25.4% above their January 2008 peak prices. Average prices in Kensington and Chelsea borough were a hefty 53.4% higher than their June 2008 peak prices and have delivered higher growth than gold and the FTSE 100 over the same period. “London, unlike any other property market is a key hub for international property investors. It is a versatile global capital as it offers the best prospects for the investors in terms future growth. London has a safe, tolerant multi-ethnic surrounding offering a good choice of both investment and lifestyle options thereby making it an attractive choice of location to purchase a home,” said Samuel Warren, Director of International Residential Developments, Chesterton Humberts. The ‘Royal Wharf’ project will include two new parks and three pocket parks, a high street with nearly 5,000 sq.mt. of shops, bars and restaurants and significant new community infrastructure including a school. This residential centerpiece of the transformation of the Royal Docks in East London launches its second phase on October 24th 2014 in London. Oxley Chief Executive, Ching Chiat Kwong, said, “We are looking forward to seeing Royal Wharf transform and rejuvenate the Royal Docks area when residents arrive within the next couple of years. The sell-out response to the units launched in the first phase is testament to the strong value proposition that we are offering, and we expect to see a significant level of interest for phase two as well.” With nearly 3,500 new homes, Royal Wharf is the largest development in London to come forward since the launch of Battersea Power Station and unlike some developments in the capital, provides achievable housing options for Londoners. The first residents will begin to move into Royal Wharf in mid-2016, just two years after work commenced and in an unprecedented pace of development for London, the whole development will be completed by 2020. John Mulryan, UK Managing Director of Ballymore, added “Royal Wharf is setting the standard for London properties with unheralded pace of development and achievable prices. Phase two offers a unique opportunity to buy into an area of the capital that is set to drastically change and evolve in the coming years.” The properties, designed by Ballymore comprise of town houses, three bed duplexes, one & two bed apartments and compact suites exhibiting a distinct blend of Georgian tradition with the best of modern living. Each property’s layout and design takes residents’ needs into mind, while maximizing views of the nearby O2, Canary Wharf and the Thames Barrier and the leafy garden squares. “The first phase of Royal Wharf was launched in London in March 2014 and the homes sold in just a few days. This translates into the fact that the second phase is a golden opportunity to invest in one of London’s most promising new destinations. When complete, Royal Wharf will offer 45% outside space, including leafy squares, a riverfront promenade and a bustling Marylebone style high street with an impressive retail selection, creating a complete neighbourhood lifestyle for residents,” added Samuel. Royal Wharf is one of the best connected places in London with excellent transport links from Pontoon Dock DLR station and Canning Town on the Jubilee Line, providing access to the West End in 20 minutes, Canary Wharf in five minutes and London City Airport in four minutes. In 2018 a new Crossrail station at Custom House will mean that residents can reach Heathrow Airport in just 41 minutes. ### About Chesterton Humberts: Established since 1805, Chesterton International is a multi-disciplinary property business covering residential sale and lettings, commercial and international agency with over 70 international offices in the United Kingdom, UAE, France, Spain, Italy, Singapore, Russia, South Africa, Australia, Barbados and Hong Kong. Chesterton offers a full range of property services, including residential sales and lettings, commercial agency and management, rural land management, professional advisory services, professional valuation and other surveying services. About Ballymore and Oxley’s collaboration: Oxley and Ballymore offer a complementary set of skills and resources for the Royal Wharf development. Oxley is one of the largest developers in Singapore and are also actively engaged in the development of important projects in Malaysia, Cambodia and the People’s Republic of China. Significant financial strength, strong brand recognition in Asia and a reputation for delivering high quality developments are additional strengths Oxley brings to Royal Wharf. Ballymore is one of London’s largest residential developers with an experienced management team that have been successfully working on developments across London. Their developments include in Docklands, the lower Lea Valley, Wapping, Spitalfields, Shoreditch. Nine Elms, West Hampstead, Brentford and Hayes. Ballymore has been selling homes in London for over 20 years, giving the partnership a genuine local insight. To register interest, in the UK call 0800 160 1200. For more information and media enquiries please contact: Prem A. Ramachandran, Managing Director White Water Public Relations GSM: 0097150-4537253 PO. Box 18936, Dubai, UAE Email: prem@whitewaterpr.com End
|
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||
Account Phone Number