Chestertons to unveil $2.3bn London project
UAE investors to be offered chance to buy properties in luxury mixed-use Royal Wharf development
Chestertons is to unveil the $2.3bn (AED8.8bn) Royal Wharf project in London, a series of luxury mixed-use developments by Oxley and Ballymore, for UAE investors.
Royal Wharf will create a new town centre complete with 3,385 new riverside properties, providing homes for approximately 10,000 residents in the capital of the UK.
The exhibition in Abu Dhabi will be held at Meeting Room 4, Jumeirah Etihad Towers, West Corniche from 30 October to 1 November. Prices for the properties will start from $435,000 (AED1.6mn). The project is located close to the Emirates Air Line, London's only cross-river cable car.
The project will include two new parks and three pocket parks, a high street with nearly 5,000m2 of shops, bars and restaurants and significant new community infrastructure including a school.
"Favourable conditions and an upbeat market anticipates growth in the property sales sector in London and this certainly is an ideal time to invest in London properties," said Samuel Warren, director of international residential developments, Chesterton Humberts.
With nearly 3,500 new homes, Royal Wharf is the largest development in London to come forward since the launch of Battersea Power Station.
The first residents will begin to move into Royal Wharf in mid-2016. The whole development will be completed by 2020.