Gulf investors are being given an exclusive chance to snap up apartments at the upmarket Chelsea Waterfront development in south west London.
The second phase of the housing scheme is due for release to investors from Dubai (March 15-16) and Doha (March 30-31). Two-day sales roadshows will be held in each city, starting with the Capital Club in Dubai this week.
Apartments ranging from two to five bedrooms range in price from £1.5 million to £13.9 million. The joint selling agents are Savills and Knight Frank.
Middle Eastern buyers accounted for more than half the sales in the first release of units at Chelsea Waterfront, and “significant interest” is expected from the region in the second phase.
The development, located in the heart of the Royal Borough of Kensington and Chelsea, occupies the last remaining significant river-fronting site on the north bank of the Thames between Chelsea and the City.
It comprises apartments ranging in size from one-bed to family units, and was master planned by architect and urban designer Sir Terry Farrell.
Chelsea Waterfront is set within nine acres of grounds, just a few minutes’ walk from the famous King’s Road. It is next door to the fashionable Chelsea Harbour, home to the Design Centre, a five-star luxury hotel, and the superyachts of the Chelsea Marina.
“We are delighted to bring this second phase of apartments to market after the success of the first launch which showed, notably, that Chelsea Waterfront is popular with investors from the Middle East,” said Edmond Ho, Executive Director and General Manager of Hutchison Property Group.
“We believe the popularity of the development in the Middle East is a reflection on the size of the apartments, exceptional facilities and a stunning location and I anticipate the second release will be equally popular. Nothing of this quality is available anywhere else on the market.”
The apartments in the second phase are due for completion in 2016, and each will have its own balcony or outside space. The site is managed by Harrods Estate Management with 24-hour security and a concierge service.
The site includes the decommissioned Lots Road Power Station, which with its twin chimneys stands as one of London’s most iconic landmark buildings. A 100m long mall will run the length of the power station’s ground floor.
The entire development, comprising of ten buildings and 706 new homes, is due to complete in 2019.