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LONDON & UK PROPERTY GLOBAL

DUBAI 2017 | 30 DIRHAM

HOT spots Where are London’s new build’s located?

Internatioal Investment

DISCOVER YOUR HOME AWAY FROM HOME

CITY POWER

The prime fringes offer the city’s most promising returns

BEYOND THE CAPITAL Discover the UK’s booming investment hubs T H E L O N D O N P R O P E R T Y M AG A Z I N E LONPROP_QATAR17_COVER.indd 1

03/10/2017 14:27


The Art of Living. If you were standing in a One Blackfriars apartment you’d see why being on the Southbank is being in the heart of London. You’d see the Tate Modern, the National Theatre and the Royal Festival Hall, all from your window. You’d see St Paul’s across the river and the City just beyond. And with a 24-hour Harrods concierge, a private gym, spa, pool and screening room, you’d also see every amenity you need merely steps from your apartment. Luxury apartments from £1,150,000. London’s most anticipated show apartment now open. Arrange a private viewing: contact.oneblackfriars.co.uk

+44 (0)20 3883 7458

Price and details correct of time of print. Computer enhanced image depicts One Blackfriars and is indicative only. ST GEORGE BLACKFRIARS.indd 1

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CONTENTS London Property

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NEW BUILD HOT SPOTS Where are London’s new homes being built?

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RETURN ON INVESTMENT Nigel Lewis investigates ROI’s for key areas in London

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LONDON’S FINEST

The most expensive and highly appointed areas in the capital city

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LANDMARK PLACE

The only new riverside development in the City of London

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FRONT COVER

LIVING THE DREAM

A showcase of London’s most luxurious homes currently on the market C i t ys c a p e

EDITOR

Tamar Van Der Hoek ž

48 Uk Property

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WATERFRONT REVIVAL

The city of Liverpool is seeing an unparrallled transformation

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The cover showcases a view of Tower Bridge from the penthouse terrace space in the development Landmark Place by Barratt Homes. www.barratthomes.co.uk

PUBL ISHER

INTRODUCING ONSITE SALES FOR 2017

Andy Elmer ž

The milestone implementation which will generate huge returns for exhibitors and offer great opportunities for investors.

A RT DIR ECTOR

Phil Couzens ž

SENIOR DESIGNER

Pawel Kuba ž

MID-W EIGHT DESIGNER

Rebecca Noonan ž

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DESIGNER

Catherine Perkins ž

NORTHERN POWERHOUSE Manchester has become a focus for investors across the globe

PRODUCTION M A NAGER

Chris Couchman ž

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PA TO THE DIR ECTOR S

Kerry Hollingsworth ž

STUDENT INVESTMENT

Learn about fantastic ROI opportunities within luxury student accomodation

M A NAGING DIR ECTOR

Sherif Shaltout ž DIR ECTOR

Alex Hunter

I n t e r n at i o n a l p r o p e r t y

74

THE HIGH LIFE

Discover Monaco’s plans to extend seaward, creating a 100,000 sq metre residential and commercial district

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DANIEL LIBESKIND INTERVIEW

Meet architect Daniel Libeskind and his home-coming project Zlota 44

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For advertising enquiries please call 020 7704 0588 or email: info@zest-media.com Subscriptions are available by emailing kerry@zest-media.com

ZEST MEDIA PUBLICATIONS LTD 197-199, City Road, EC1V 1JN 020 7704 0588 ZEST-MEDIA.COM

Zest Media Publications Ltd. cannot accept responsibility for unsolicited submissions, manuscripts and photographs. While every care is taken, prices and details are subject to change and Zest Media Publications Ltd. take no responsibility for omissions or errors. We reserve the right to publish and edit any letters.All rights reserved.

LONDON & UK PROPERTY ž DUBAI 2017

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Bustling & vibrant Welcome to Borough Situated on bustling Borough High Street, Brandon House offers its residents the best of everything. Luxury apartments and townhouses all with outside space and a 24hr concierge. Located next to Borough station, 3 minutes to London Bridge and 21 minutes to Canary Wharf*.

Prices from ÂŁ599,995

5 mins

Borough Market

Book your personal appointment to visit us: 180 Borough High Street, SE1 1LH brandonhouse@crestnicholson.com Mon 12 - 7pm | Tues to Fri 11am - 7pm Sat & Sun 11am - 4pm

www.brandonhouseSE1.com

020 3437 0454

Train times taken from National Rail Enquiries. Distances taken from Google Maps. Show Home and local area photography. Pricing correct on 18.08.17.

*

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EDITORS LETTER

“INDUSTRY EXPERTS OFFER THEIR SPECIALIST KNOWLEDGE GUIDING YOU THROUGH THE LOCAL AREAS AND NEW DEVELOPMENTS”

W @ABSOLUTELYPROPERTY

@ABSOLUTELY_PROP

elcome to the Absolutely London & UK Property Global Duabi 2017 Edition. Last year, Absolutely became an official media partner of Cityscape Global Events and we are thrilled to be back in Dubai for the 16th annual show. It has been a busy and eventful year for the property industry since the UK experienced significant market changes due to the surprise of the snap election, higher stamp duty taxes and the continuing Brexit saga. Despite political and financial dramas, the population is still moving and developers continue to build new homes. The capital is seeing further phases of its ongoing developments come to completion, especially within Zones 1 and 2. While the Prime Central market has strengthened with increased sales in new homes alongside the much sought-after city houses and their traditional facades. In this edition, industry experts offer their specialist knowledge guiding you through the local areas and new developments, as well as providing you with the information required to make an informed investment decision in one of the world’s leading capital cities within the first section. The multitude of new builds under construction is extending far beyond London into the northern horizons, and for good reason. Cities like Manchester and Liverpool are proving to be lucrative for buy-to-let investors with yields

obtaining returns that are harder to achieve in the capital. Expert Nigel Lewis brings you an in-depth insight in the second section of the magazine and covers new investment opportunities such as luxury student accomodation on page 68. Due to high demand, and in keeping with our lengthy title, this issue also marks the debut of our international section, bringing you properties beyond the borders of the UK. From the French Riviera, through the Mediterranean seas and further afield, you will discover luxuriously appointed villas and holiday hubs. On page 88 you can read more about Euope’s tallest residential tower based in the vibrant city of Warsaw. In the spirit of firsts, the 2017 Dubai show is introducing onsite sales, a milestone which will generate huge returns for exhibitors and offer investors unparalleled opportunities duing the event. We wish those attending a prosperous time and to everyone else reading, we hope you enjoy this issue.

EDITOR

TA M A R VA N DER HOEK

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NEW BUILD

HOT SPOTS The capital continues to undergo significant increases in new home developments, we take a look at where the construction works are taking place and what you can get for your money by T A M A R V A N D E R H O E K

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LONDON PROPERT Y | NEW BUILD HOT SPOTS

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D Despite a cooling central London property market, the city’s landscape is still dominated by constructions cranes. We look at where much of the building work is taking place – and what you get for your money. According to fund and asset manager London Property Portfolio (LPP) the two most prolific areas for new build planning applications are in Nine Elms in Battersea and, further to the east, in Tower Hamlets. Between them plans for over 50,000 apartments have been submitted, or some 90% of planned new builds in the capital. Such a huge influx of new property on the market is having an effect on prices though. LPP also says prices at Nine Elms dropped by 8% recently as a result, London, at the moment, may represent an opportunity for investors.

“WE LOOK AT WHERE MUCH OF THE BUILDING WORK IS TAKING PLACE AND WHAT YOU CAN GET FOR YOUR MIONEY” ELEPHANT & CASTLE £4 1 2 , 5 0 0

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STA RT I N G P R I C E

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ne of the first areas of London to be regenerated on a huge scale was Elephant & Castle. Already a key residential area, its existing apartment developments have been joined by a dozen or more over the past five years. The biggest one currently underway is Elephant Park, an enormous redevelopment of a former council estate. Sustainable developer Lendlease has opened the doors to Futurehome at Elephant Park; 15 Victorian designed townhouses built to the world’s highest accreditation standards for ultra energy efficient living. ● FUTURE HOME LONDON +44 (0) 20 3675 9955; lendlease.futurehomelondon.com

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CANARY WHARF £ 575 ,0 0 0

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STA RT I N G P R I C E

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s one of Europe’s largest and most significant business districts, Canary Wharf has over 100,000 working within the area and at least 3,000 new homes planned for development. Set to become a landmark within the growing Canary Wharf skyline, One Park Drive will be a 58-storey building with 483, studio, one, two and three bedroom apartments designed by architects Herzog & de Meuron. The striking circular building provides a natural contrast to its neighbours, designed in three typologies to maximise spaces, including wrap-around balconies offering spectacular views. ● CANARY WHARF GROUP +44 (0) 20 7001 3800; canarywharf.com/residential

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LONDON PROPERT Y | NEW BUILD HOT SPOTS

BATTERSEA

WOOLWICH

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STA RT I N G P R I C E

£ 5 9 5 ,0 0 0

£ 32 2 ,0 0 0

STA RT I N G P R I C E

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outh of Chelsea over the River Thames, the Battersea area is currently undergoing massive residential regeneration, famously headed up by the redevelopment of Battersea Power Station. A development contrasting the more traditional brick buildings that define the streetscape, Battersea Exchange is a diamond shaped structure which stands tall at 16 storeys. 45 high-specification one, two and three bedroom apartments have been released and each offer an outdoor space with a range of vistas towards Battersea Park and the City. ● BATTERSEA EXCHANGE +44 (0) 20 3866 0980; batterseaexchange.com

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his area to the east of central London used to be a largely military area and many local people worked both in local barracks and in the Woolwich Arsenal naval depot - whose football team may be long gone but retains its famous name. The Arsenal is mid-way through a £1.2million redevelopment and adjacent to the forthcoming Crossrail station will be the Kinetic Building at Cannon Square. Currently there are 15 one-bedroom apartments and 10 two-bedroom homes in a building of spacious and light-filled homes, set around a landscaped courtyard exclusively for residents. ● BERKELEY +44 (0) 20 8331 7130 royalarsenalriverside.com

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LONDON PROPERT Y | NEW BUILD HOT SPOTS

EALING

W

P OA

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est to central London, the leafy borough of Ealing is one of the capital’s more suburban areas, with traditional terraced and semidetached houses on treelined streets, However, in the last few years more residential new builds are springing up, partly due to the impending cross rail, the high-speed rail link which will revolutionise the daily commute. The Birchwood is a bespoke development of six stunning three and four bedroom apartments in W5 launching in the Winter of 2017. Each triple aspect lateral apartment will boast expansive private wrap around terraces while the luxurious penthouse enjoys panoramic views of London. ● FUSION RESIDENTIAL +44 (0) 1923 216 530; fusionresidential.co.uk

ISLE OF DOGS £ 3 , 5 0 0,0 0 0

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STA RT I N G P R I C E

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art of the major redevelopment program of the London Docklands, the Isle of Dogs has transformed from an industrial shipping and factory hub into a key part of London’s new financial heart, within close proximity to Canary Wharf. One of the final penthouses at the dockside development Dollar Bay is being prepared to launch. The four-storey dressed penthouse includes multiple storey winter gardens, an entertaining level complete with a jacuzzi terrace and a sky garden. ● MOUNT ANVIL +44 (0) 20 3797 4112; mountanvil.com

CANADA WATER £ 52 0,0 0 0

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he historic village of Rotherhithe, within which Canada Water is situated, was a working dock up until the 1970s. Following initial investment in the 1980s, the Southwark Council’s Canada Water £2billion masterplan includes the development of a new town centre, 900 new homes, a state of the art library and a public plaza. The development aptly named Canada Water, is a luxury collection of 95 one, two and three bedroom apartments designed by Assael Architects. Every apartment includes its own balcony or roof terrace, with residents able to enjoy views across the London skyline, from the Shard to Canary Wharf. ● LONDON SQUARE +44 (0) 333 666 0106; londonsquare.co.uk

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L

ondon’s house prices have been softening over the past year. Annual house price rises, which for many years were often in the double figures, are now less than 3%. But while this may be bad news for property owners, it means the returns on investment for buy-to-let properties in London are increasing as property values stall but rents continue to increase. So where should investors buy a property in London in order to benefit from the best return on investment ( ROI)? ROI is the total gross annual rent divided by a property’s purchase price. If a flat’s rent is £15,000 a year and it’s worth £315,000 then the annual ROI would be 4.76%, for example. We looked at the most popular kind of investment property – apartments – to see what the ROI is for them around London. The most promising returns are now in what’s called the ‘prime fringes’ of the capital outside the central postcodes but not in the suburbs – somewhere in between, in other words.

RETURN ON INVESTMENT

Where are London’s Rents Reaching New Heights? As the Prime Central London market has cooled, many investors are now looking beyond it for better potential returns

E14

6.41% ROI

Where

Poplar Average annual f lat rent

£34,440 a year Average price for a f lat in the area

£498,299

NW10

5.72% ROI

by N I G E L L E W I S Where

Willesden Average annual f lat rent

£20,860 a year Average price for a f lat in the area

£364,319

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LONDON PROPERT Y | RETURN ON INVESTMENT

N15

W8

5.68%

3.85%

ROI

ROI

Where

Where

South Tottenham

Notting Hill

Average annual f lat rent

Average annual f lat rent

£18,745 a year

£33,652 a year

Average price for the area

Average price for the area

£329,760

£873,384

SE20

SE17

4.92%

5.52% ROI

Where

Anerley Average annual f lat rent

£15,399 a year Average price for the area

£279,163

W11

5.47% ROI

Where

Westbourne Grove Average annual f lat rent

£51,955 a year Average price for the area

£949,305

SE14

5.44% ROI

Where

New Cross Average annual f lat rent

£16,974 a year

ROI

C A S E S T U DY

AT T H E T O P E N D OF THE MARKET

Where

Walworth

T

Average annual f lat rent

he figures given in our top areas for return on investment are in some of the more affordable areas of London. But what about the prime area of central London? Can reasonable returns still be found? Here’s one example. This apartment near the Royal Albert Hall in Kensington is currently for sale at £4.5 million through Harrods Estate and used to belong to award-winning composer and musician Vangellis, who wrote the score for the film Chariots of Fire. It’s on Queens Gate and has one bedroom, but by local standards is large at nearly 2,000 sq ft in size. Many apartments within this area of South Kensington are rented out as serviced apartment to corporate tenants at between £7,000 and £9,000 a month or between £84,000 and £108,000 a year. On this basis, the annual gross return on investment would be between 1.86% and 2.4% a year. Please note: There are other areas of prime central London such as Knightsbridge, Belgravia, Soho and Piccadilly that are also popular with investors, but not enough properties are sold or rented each year to generate meaningful figures. The figures featured in this article are based on the most recent data from The Mayor of London and Rightmove.

“THE MOST PROMISING RETURNS ARE NOW IN WHAT’S CALLED THE ‘PRIME FRINGES’ OF THE CAPITAL”

£21,057 a year Average price for the area

£427,301

SE18

4.83% ROI

Where

Woolwich Average annual f lat rent

£15,055 a year Average price for the area

£311,178

E11

4.78% ROI

Where

Leytonstone Average annual f lat rent

£16,383 a year

Average price for the area

Average price for the area

£311,702

£342,793

E15

5.27% ROI

SE11

4.23% ROI

SE15

4.79% ROI

Where

Where

Where

Stratford

Kennington

Peckham

Average annual f lat rent

Average annual f lat rent

Average annual f lat rent

£18,007 a year

£20,811 a year

£17,761 a year

Average price for the area

Average price for the area

Average price for a f lat in area

£341,283

£491,677

£370,481

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NEO BANKSIDE

ALBION RIVERSIDE

RIVERLIGHT

RIVERSIDE ONE

SWAN WHARF

CHELSEA HARBOUR

CHELSEA CREEK

MONTEVETRO

VALIANT HOUSE WATERSIDE POINT IMPERIAL WHARF GROSVENOR WATERSIDE

THE ICON EAGLE WHARF

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For luxury lifestyle riverside developments Knight Frank have you covered. Did you know?

94% of the guide price on sales in the past 12 months

On average we have achieved

50% of our sales in the last 12 months were priced under ÂŁ1.5m On average, 4 offers are made on our properties every week We have 256 potential buyers on our books looking to spend a collective total of ÂŁ1.14bn Every day Knight Frank Riverside properties are viewed 554 times through our award-winning website The partners of Knight Frank would like to offer you a free market appraisal for the sale of your property. Call us now on 020 3393 0554 to arrange an appointment with one of our property experts.

Knight Frank Riverside 7a Albion Riverside 8 Hester Road London SW11 4AX riverside@knightfrank.com KnightFrank.co.uk/riverside

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Q&A

Capital Collection Absolutely meets Darren McCormack, the Sales & Marketing Director at Taylor Wimpey Central London to discover more about the projects currently underway by T A M A R V A N D E R H O E K

The last year has been busy for the property industry, tell us about what Taylor Wimpey Central London have seen so far in 2017 2017 is certainly keeping us on our toes, and our Capital Collection has been a major focus this year. The collection includes some of our most prized properties, including Westminster Quarter, Ebury Place (in Pimlico), and Palace View, at the foot of Lambeth Bridge, which neighbours Lambeth Palace, the Archbishop of Canterbury’s London residence. We are in a great position to be able to offer this level of variety to our customers, each one is entirely unique so it gives us lots to sink our teeth into. It’s been amazing to see each development establish its own identity within its new community. At Battersea Exchange for example, we’ll be opening up a number of renovated railway arches,

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making way for a new boutique retail offering which will help to open up the whole area, creating new routes between Queenstown Road and Battersea Park stations. As part of the project, we created a number of new buildings and facilities for St Mary’s Roman Catholic Primary School. The school now has a state of the art facility which features an innovative rooftop games pitch, and a slide from the first-floor into the playground! Taking the lead on creating this new community is incredibly exciting and we’re really proud of what we’ve achieved with our partners. There’s currently a lot of interest in the UK property market, tell us about what’s happening in London We have seen that there is a stable demand for property in the capital. While there’s a lot of choice for buyers

in London, what we are seeing have the greatest success is high quality product in wonderful central locations across zones one and two that have been delivered to market through the expertise of a trusted brand. For buyers who want access to the London lifestyle, but also want a solid investment, what does the capital offer? London brings together a worldclass lifestyle and investment potential; Westminster Quarter is within walking distance of Buckingham Palace and St James Park, while our Palace View

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LONDON PROPERT Y | TAY L O R W I M P E Y

development overlooks historic Lambeth Palace and the Garden Museum, and is directly opposite the Houses of Parliament on the cultural hub of the South Bank. It’s a bit like investing in your own slice of history. Recent research from Savills showed that properties in a historical area, or commanding historical views have seen a 5% uplift in value, so we’re thrilled to be offering our buyers this sort of security. Developers in London, know that you aren’t just buying a home, but investing in an asset for the future. As a world capital for finance, culture and commerce, London’s population and visitor levels remain on the rise, which keeps demand strong, and the market buoyant. We are seeing huge amounts being invested into Crossrail, to better the capital’s connectivity. It will also directly benefit our Paddington Exchange residents, who will have it on their doorstep. The extension of the Northern Line to Nine Elms and Battersea Power Station, will mean that developments such as Battersea Exchange will likely see their value rise in the long term, whilst making getting to the heart of London that bit easier.

With so much development across London, which areas are you most excited about? It’s always hard to pick a favourite! Generally speaking, the transition of the market from historic “golden postcodes”, like Mayfair and Knightsbridge, towards areas of regeneration in zones one and two has been interesting to watch develop. Battersea is a great example of this. Our scheme, Battersea Exchange, is right at the heart of this regeneration, and will transform that whole area between Queenstown Road and Battersea Park stations creating a really vibrant, new residential led community.

The development of Battersea Power Station nearby will create an entirely new town centre for this part of London. Battersea will suddenly become one of London’s best-connected spots thanks to the Northern Line extension, and to Battersea Park and Queenstown Road stations will link our residents directly to major transport hubs at Victoria and Waterloo. Living this close to Chelsea, too, is a substantial benefit, with its boutique retail and independent dining. What does a newly developed area have to offer over older, more established London postcodes? It’s not that one has more to offer than

“DEVELOPERS IN LONDON KNOW THAT YOU AREN’T JUST BUYING A HOME, BUT INVESTING IN AN ASSET FOR THE FUTURE” LONDON & UK PROPERTY ž DUBAI 2017

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LONDON PROPERT Y | TAYLOR WIMPEY

another, it’s all about finding the location and home that’s right for you. That’s why we look to add projects in both emerging and more established locations to our portfolio. Palace View, for example, with its location overlooking Lambeth Palace, is in a part of London that has history dating back nearly 800 years. That wonderful heritage is the base for the development of the area, and Palace View itself. The development’s proximity to Lambeth Bridge and Westminster, places it at the heart of decision making in London. Despite its importance in the lives of Londoners’ the area has not been an established location for residential to date, but that’s starting to change. Palace View is at the western end of an opportunity area, so is in an area full of growth potential, while still offering its residents the security of the value of the location due to having listed buildings nearby. Established locations have the benefit of history and heritage, and of being part of long-established communities. Westminster Quarter is located in a prime zone one neighbourhood, and next to one of London’s oldest Royal Parks, giving residents immediate access to some of the most beautiful outdoor space in the city. Located at the centre of the city, residents are at the heart of all that London has to offer. Our Pimlico scheme, Ebury Place, is in a conservation area, a quintessentially London neighbourhood that is just a short stroll from Chelsea and Belgravia. It comes down to what owners want rather than what’s better. That’s the wonderful thing about London, it has somewhere for everyone whatever their taste.

“BUYERS DON’T WANT COMPROMISE - THEY WANT HIGH QUALITY HOMES IN GREAT LOCATIONS”

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What trends are you seeing in terms of what buyers are looking for in London? Buyers don’t want to compromise – they want high quality homes in great locations. But we are seeing a focus on homes that offer amazing connectivity, like at Onyx Apartments, King’s Cross. With an exhaustive list of transport links and high-speed rail routes from King’s Cross station and St Pancras International, Onyx offers a rare opportunity to find a home that benefits from easy connections to the rest of London, the UK and Europe, and a chance to place yourself at the heart of impressive social networks within a community of international commerce and culture. We’ve also found that buyers want new builds for all the advantages they offer, but in traditional residential areas. For example, Ebury Place in Pimlico, offers buyers the chance to live in a beautiful new building, with all the benefits that that entails, while also living in one of London’s most iconic residential neighbourhoods. Ebury Place has been designed by Shepherd Robson, and uses finely-textured stone and aluminium in consideration of the refined architectural character of the area. More and more, new properties offer individuals a lifestyle rather than just a home. Why do you think this is? Buyers look to London to provide them with the lifestyle that they expect

from living in the world’s greatest city. This is something we have really taken into consideration when planning our developments. These properties are as much about the experience of living there, as they are about the bricks and mortar. When choosing our sites this is something that that we focus on, and ensure that the sites we pick satisfy our clients need to be in the centre of the London scene. DARREN MCCORMACK is Sales & Marketing Director at Taylor Wimpey Central London. For more information on any of the properties mentioned in this article please visit www.taylorwimpeycentrallondon.co.uk or call +44 (0) 20 7355 8150

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Visit us at Cityscape Global 2017 We will be showcasing a selection of our outstanding London developments at stand number S1H01 11th-13th September 2017 10:00 AM – 7:00 PM

The Atelier | W14

The Compton | NW8

R E G A L- LO N D O N .CO. U K

Dubai World Trade Centre, UAE

The Avenue | NW6

Shoreditch Exchange | E2

T: +44(0)20 7328 7 17 1

Computer generated images are indicative only

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O U R B E S P O K E A P P R OAC H TO D E V E LO P M E N T I N C E N T R A L LO N D O N E N A B L E S U S TO C R E AT E D I S T I N C T I V E P R O P E R T I E S I N P R I M E ZO N E S 1 A N D 2 L O C AT I O N S T H AT O F F E R O U T S TA N D I N G I N V E S T M E N T P O T E N T I A L . W H I L E E V E R Y D E V E L O P M E N T I N T H E TAY L O R W I M P E Y C E N T R A L LO N D O N P O R T F O L I O I S U N I Q U E , A L L S H A R E T H E S A M E I D E A L S O F E XP ERT D ES I G N , P R AC TI C A LIT Y, I N V ES TM ENT S EC U R IT Y A N D E XC ELLENT C U S TO M ER S ERVI C E .

- O FFERI N G A SELEC TIO N O F B E AUTI FU L A PA R T M E N T S , D U P L E X A PA R T M E N T S , M E W S H O U S E S A N D TOW N H O U S E S I N B AT T E R S E A . - A P R I M E Z O N E 2 L O C AT I O N A N D W I T H I N WA L K I N G D I S TA N C E O F B AT T E R S E A PA R K A N D Q U E E N S T O W N R O A D T R A I N S TAT I O N S - 5 M I N U T E S TO V I C TO R I A O R 9 M I N U T E S T O WAT E R L O O B Y T R A I N - CONCIERGE, RESIDENTS’ GYM AND LANDSCAPED COMMUNAL AREAS - PRICES FROM £559,000

- 1 , 2 A N D 3 B E D R O O M A PA R T M E N T S I D E A L LY LO C AT E D C LO S E TO PA D D I N G TO N S TAT I O N O F F E R I N G FA S T AC C E S S TO C E N T R A L LO N D O N AND THE CIT Y AS WELL AS THE HE ATHROW E XPRESS AND CROSSR AIL - R E A DY TO M OV E I N TO - CONCIERGE SERVICE AND RESIDENTS’ C L U B L O U N G E W I T H M E E T I N G FA C I L I T I E S - CO M M U NA L RO O F TER R AC E - PRICES FROM £975 ,0 0 0

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- LU X U R Y 1 , 2 A N D 3 B E D R O O M A PA R T M E N T S - 24 H O U R C O N C I E R G E , P R I VAT E G Y M A N D S E C U R E U N D E R G R O U N D C A R PA R K I N G * - C O M M U N A L L A N D S C A P E D R O O F T E R R AC E - C LO S E TO W E S T M I N S T E R A N D S T J A M E S ’ S PA R K T U B E S TAT I O N S W I T H B E AU T I F U L V I E W S OV E R W E S T M I N S T E R A N D T H E C I T Y - PRICES FROM £959,000

- NEW LANDMARK BUILDING IN PIMLICO, LO N D O N S W 1 - 1 , 2 A N D 3 B E D R O O M A PA R T M E N T S W I T H B A LC O N I E S O R T E R R AC E S * - E XC ELLENT TR A N S P O RT LI N KS FRO M N E A R BY V I C TO R I A , P I M L I C O A N D S LOA N E SQ UAR E - S H O R T WA L K T O H A R R O D S - H I G H Q U A L I T Y S P E C I F I C AT I O N S A N D S PA C I O U S I N T E R I O R S - S E C U R E U N D E R G R O U N D PA R K I N G * - PRICES FROM £799,000

F O R M O R E I N F O R M AT I O N O N A L L O U R D E V E L O P M E N T S , P L E A S E V I S I T TAY L O R W I M P E YC E N T R A L L O N D O N . C O M OR CALL 020 3370 0916 P R I C E S A N D I N F O R M A T I O N C O R R E C T A T T I M E O F P R I N T I N G . C G I S A R E I N D I C A T I V E O N LY . P H OTO G R A P H D E P I C T T H E PA D D I N G TO N E XC H A N G E C O N C I E R G E . * PLOT S PEC I FI C .

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CURZON STREET £ 1 1 .9 5 M I L L I O N

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LONDON’S FINEST The Capital’s Premium Locations

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ondon’s quiet and highly valuable central prime streets have endured a rollercoaster ride over the past 12 month as various economic and political headwinds have dampened enthusiasm for their multimillion-pound properties. But the UK’s capital remains an incredible place to buy a home. A square foot of property in historic and desirable neighbourhoods such as South Kensington, Notting Hill, Belgravia, Mayfair and Holland Park costs over £2,000 while values in other areas nearby such as Earls Court and Chelsea aren’t far behind. In the most expensive areas this means a medium-size 1,600 sq ft or 148 sq metre Victorian or Georgian house will cost £3.7 million. And according to data firm LonRes property worth £3.6 billion is set to be sold in the three key prime areas of central London this year, despite Brexit and higher property taxes.

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Within them, 47% of all properties are sold for £2 million more although the average price per property sold is £1.72 million, this ranges from a £57 million Regency house in The Boltons to £350,000 for a small studio apartment in Bloomsbury. But what really makes London famous around the world are its super-prime properties. Here we highlight some of the most notable ones currently for sale for £10 million or more – and sometimes… a lot more.

“A SQUARE FOOT OF PROPERTY IN HISTORIC AND DESIRABLE NEIGHBORHOODS...COST OVER £2,000”

duplex penthouse at 37 Curzon Street in Mayfair built above the famous cinema that bears the street’s name. The 3,469 sq ft property has four bedrooms and offers views from its wrap-around terrace over the local area as well as the House of Parliament, London Eye and Shard. The property was also formerly the home of 1960s pop star Dave Clarke while the cinema below itself is the stuff of Mayfair legend, hosting Royalty, Hollywood stars and celebrities for private screenings. When King George VI, Queen Elizabeth and the two princesses paid their first visit, two Royal Boxes were installed to mark the occasion. More recently, it’s hosted numerous red carpet premiers, including Dallas Buyers Club with Matthew McConnaughey and Jared Leto. The penthouse’s current owners have given the home a stylish makeover. Its large marble floored reception space has 360-degree views across the capital, there’s a private terrace along one side, along with study and gym, underfloor heating and underground parking. More information from Savills on +44 (0) 20 7578 5100 or www.savills.com. ●

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THE BISHOP ’S AVENUE £22 MILLION

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or those who want period looks, a modern interior and an address on possibly the world’s most famous road then local agent Glentree has this seven-bedroom house on The Bishop’s Avenue, better known as Billionaire’s Row. It’s a new-build mansion with a lift to whisk you up and down it’s four storeys plus two dressing rooms, two kitchens, five reception rooms, jacuzzi, swimming pool and spa and a wine cellar. Outside there are landscaped gardens and the ultimate petrol head’s playing, a car lift down to the garage. For more information, Glentree.co.uk or +44 (0) 20 8458 7311. ●

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LONDON PROPERTY | PREMIUM HOMES

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CROWN ESTATE

HARRINGTON ROAD

R E G E N T ’S PA R K

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t’s not that often that refurbished terraced house come up for sale on the Crown Estate roads surrounding Regent’s Park, but when they do prices are high – these properties have high ceilings and handsome stucco’d frontages which are as highly prized, as is their address. This seven-bedroom example on Hanover terrace is one of the largest houses in what is generally acknowledged as the finest of the Nash terraces. Benefits include the unique feature of a lift (requires reinstatement) and the rare advantage of an additional floor which provides further panoramic views over the park. is currently for sale with Knight Frank +44 (0) 20 7586 2777. ●

his recently-refurbished threebedroom penthouse apartment on Harrington Road near South Kensington tube station comes with a terrace wrapped around its sides to offer 360-degree views of the area. The property used to belong to Four Weddings and a Funeral and Notting Hill actor Hugh Grant. The stunning penthouse, which occupies the entire top of Petersham House on Harrington Road, also has a master dressing room, walkin shower, double-height ceilings, dual-aspect lounge, direct entry lift, a gym and plenty of gadgets. It’s been refurbished since Grant lived there in 2002-2003, during the success of About a Boy. Carter Jonas +44 (0) 20 7590 4690 or www.carterjonas.co.uk. ●

£ 1 9. 5 M I L L I O N

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DISCOVERY HOUSE

FINAL PHASE OF BATTERSEA REACH NOW LAUNCHED Battersea Reach is an award-winning development situated on the banks of the River Thames. With excellent transport links into the City and a host of on-site facilities and amenities this thriving community is the perfect place to enjoy London riverside living. A selection of 1, 2 and 3 bedroom apartments are available in Discovery House.

Please call now for further information or to arrange an appointment: Tel: 020 3627 7963 Email: batterseareachsales@stgeorgeplc.com Website: www.batterseareach.com Unit 3 KingďŹ sher House, Juniper Drive, Wandsworth, London SW18 1TX

Photography is of Battersea Reach and is indicative only.

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LONDON PROPERTY | PREMIUM HOMES

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QUEEN ANNE’S GATE £ 1 9. 5 M I L L I O N

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f you want to be near the political action then No.28 Queen Anne’s Gate is the property for you. It’s recently been refurbished by upmarket developer Atelier after many years of use as an office, having previously been home to an Edwardian Lord Chancellor, and now offers six floors of luxury living including five bedrooms, an internal lift and a cigar room. It’s also next door to Sting’s old house as well as being on the doorstep of both Parliament and Buckingham Palace. It was originally advertised for sale at £21 million. More information from www.28qag.com or call agent Knight Frank on +44 (0) 20 3582 6840.●

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RIVERWALK DEVELOPMENT £25 MILLION

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f you want to claim one of the – if not THE – most amazing views over London as you own then this two-floor penthouse at the top of the Riverwalk new homes development in Westminster overlooking The Thames. The property, which has five bedrooms, a kitchen on each floor, offers 360-degree views of the capital capturing iconic landmarks including the City and the South Bank, the Houses of Parliament, London Eye, Shard and St Pauls. More information from Knight Frank +44 (0) 20 7828 3007. ●

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UPPER PHILLIMORE GARDENS £ 1 7. 5 M I L L I O N

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pper Phillimore Gardens has been breaking London property value records for years now and this is the latest one to join the fray, a six-bedroom Regency semi-detached house. Phillimore Gardens is generally accepted as Kensington’s most soughtafter street and this property, says agent Aylesford, is unusual because it features a ground-level kitchen that opens out onto the rear, south-facing garden. The property is also sandwiched between Hyde Park and Holland Park, should you need to stretch your legs. More information from Aylesford on +44 (0) 20 7349 9772 or www.aylesford.com. ●

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The Prime Market London’s prime market has always been the wonder of the property world and usually for good reasons by N I G E L L E W I S

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igh UK and overseas demand for London’s central prime districts has powered extraordinary property price and rental growth since the financial crisis of late 2008 and early 2009. For example, during 2007 before the banking problems began, house prices in prime central London were rising by 28% a year, according to agent Knight Frank. By 2010 prices began to rise again, settling down to between 7% and 10% a year by 2013. But over the past 18 months the 2016 UK Referendum Vote, the looming spectre of Brexit plus a basket of other factors have conspired to significantly cool London’s prime central property markets. Increased Stamp Duty for properties bought for over £1.5 million, additional Stamp Duties rates for second homes and buyto-let properties and reduced tax incentives for buy-to-let landlords and investors have all made it more expensive to buy and invest in London property. “Out of all these factors I think it has been the buy-to-let changes which have had the biggest difference to the prime property market,” says Chris Lloyd of private finance firm Enness. Prices in Prime London have dropped by between 10% and 15% some agents say, while in some pockets price reductions have reached 40%, according to agent Barnes Private Office. “While

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prices are higher in 2017 than 10 years ago, liquidity is significantly lower once again and prices have fallen,” says its Managing Director Alex Newall. “The market this time has been directly affected by higher stamp duty and the bottle neck which has been placed on the market around the £1.5m level.” Agent Jake Russell of Russell Simpson says the extra Stamp Duty was designed to cool the previously over-heated property market in central London but also increase government tax revenues. But as Jake points out, although it has achieved its first aim, transactions have sunk to such a low point that the government is seeing its tax receipts reduce, somewhat defeating the purpose of the Stamp Duty increases. “Near £300 million was collected in SDLT across prime London during the first six months of 2014, whilst that figure is down by 4.9%, for the year to date, at approximately £267 million,” he says. But agent Jones Lang LaSalle (JLL) says in a report shown exclusively to this magazine that London’s prime central sales market is showing signs of returning to normal. It says the number of homes being sold has increased this year when compared to 2016 and that prices at the lower end of the prime market have held firm, although prices for homes worth £5 million or more – Stamp Duty bills for which can be double those charged since the rates were changed – are still more “sensitive”. “We expect the sales market to continue its acclimatisation during the remainder of this year and to be on a firmer footing by the start of 2018,” the JLL report says. But although Alex

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LONDON PROPERTY | MARKET UPDATE

Newall says the super-prime £10m market is still experiencing problems, “lower prices mean good news for the savvy investor, who will go against the flock,” he says. “We are seeing generational investors return to the markets deal hunting - the landed gentry who have been priced out by wealthy private clients from the Middle East and Russia, are making a comeback in areas like Chelsea and Belgravia. “This is their time to buy at more affordable prices for the long term. Hong Kong buyers with links to the UK through education or family are also investing.” But some buyers and investors are taking a different route – to finance their property purchases and investments in a way which reduces their exposure to risk. “We’re doing a lot of interest-only mortgages at the moment because for many of our clients there’s no point paying cash for a property

“THE STRONGEST ACTIVITY AT THE MOMENT IS FROM BETWEEN £500,000 TO £1M AND THE LESSER EXTENT UP TO £3 MILLION”

when they can make that money work harder in investments and then get a mortgage at an interest rate of a few percent,” says Chris Lloyd. “The strongest activity at the moment is from between £500,000 to £1 million and to a lesser extent up to £3 million at the moment.” But one unintended consequence of the Stamp Duty increases and the other financial burdens on buyers has been to boost the lettings market. “One of the major positives we’ve seen in the market in 2017 is the incredible surge in the lettings side of our business,” says Jake Russell. Jones Lang LaSalle agrees, to a degree, its report states that while activity has picked up in the lettings market during the first six months of the year, rental values continue to see too many properties fight for too few tenants, but it’s a position the company believes will have corrected itself by the end of 2017.

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LONDON PROPERT Y | MARKET UPDATE

THE VIEW FROM

THE VIEW FROM

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CENTRAL LONDON

HAMPSTEAD

ampstead is known as one of London’s ‘fringe’ prime markets where, although prices aren’t usually as high as in central Prime London overall, there are pockets of Hampstead where they are. Trevor Abrahamson of agent Glentree Estates say sales have been beginning to pick up again in the area including on Bishops Avenue or ‘Billionaires Row’ as it is known. “We’ve had three notable deals recently involving multimillion pound properties, one bought by the Chinese, one by an English developer and another by a Middle Eastern investor with a total value of over £50million,” he says. “And we were thinking twice whether to launch a new development of apartments in Hampstead Garden Suburb called Hampstead Reach recently, but we were overwhelmed by the response and made ten sales in a few weeks,” he says.

“WE NOW SEE THAT PRICES HAVE STABILISED AND EXPECT TO SEE LITTLE CHANGE IN THE NEXT 18-24 MONTHS”

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C A S E S T U DY

PENTHOUSE APARTMENT NEAR BATTERSEA

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n example of price adjustments in the £10m-plus market are not difficult to find and one example is this jaw-dropping apartment at the top of the Albion Riverside development on the south side of the river. It’s four apartments combined into one to make a sixbedroom property within a well-known Foster & Partners-designed building near Battersea. Initially on the market for £12m it’s now been dropped in price to £10m. More information from H Barnes +44 (0) 20 7499 3434).

here has been a correction in prices since the peak in late 2014 of around 10%,” says Jamie Hope, Managing Director of agent Maskells. “We now see that prices have stabilised and expect to see little change in the next 18-24 months with the return of domestic demand. The key drivers for correction are the reform in Stamp Duty compounded by Brexit and political uncertainty. “We are achieving good demand for best-in-class prime properties and family houses, such as on and around Ladbroke Road in Bayswater. One effect of an unpredictable market, he says, is that it’s becoming harder to say how long a property will take to sell. “We sold a number of houses just ten days after they went on the market but equally good properties marketed at sensible prices have taken 18 months to find a buyer,” he says. “We have just exchanged on a flat where we received no offers for 18 months and then had two buyers who came out of nowhere and we had a contract race, achieving over the asking price. “We also had a smashing house in Chelsea at £3.75m – 174 viewings later, we then had three buyers competing and we achieved a price far higher than our clients were hoping for. “The most in-demand properties right now are in these prime addresses: Gledhow Gardens, The Marlborough, Ladbroke Road, Harley Gardens and Cadogan Square.”

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A Historic British Landmark The only new riverside development in the City of London by T A M A R V A N D E R H O E K

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espite the stream of reports highlighting difficulties in London’s prime residential market, there are a few developments which are continuing to sell well. Landmark Place, the only new riverside development in the City of London, is over 50% sold and averaging one sale a week, achieving over £1,800/sq ft. The project is appealing to buyers across the prime spectrum, selling as many properties over £1m as they have under £1m. And according to Zoopla, City of London prices have risen 7.51% over the past 12 months, one of the few areas in London to see significant growth Landmark Place is a development of 165 onebedroom suites, one, two and three-bedroom apartments and penthouses designed by worldrenowned architects and bounded by three of the landmarks which have come to symbolise London - the Thames, the Tower of London and Tower Bridge. Prime buyers have recognised the unique attributes of this site, which lies within the boundaries of Roman Londinium, with a design drawn from a visionary architect Le Corbusier – a genius with light and space who believed that systems of harmony and proportion should be at the heart of design and that architectural beauty comes from what he called ‘honest construction’, where form relates to function. The development consists of two interconnected buildings, one of eight storeys and the other ten storeys, which appear to be wrapped in glass, allowing wide vistas of the Thames and the London skyline. Recessed balconies provide a seamless transition between the exterior and the interior of the buildings, while the generosity of glazing – over

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80% of the building is glass – provides the widest of views in this historic setting. At Landmark Place, the quality of the interior architecture, by Bowler James Brindley, is as significant as the exterior design, with inspiration drawn from the simple palette of Mies van de Rohe’s Barcelona Pavilion. The views from every angle are taken into consideration and enhanced by glazing around the corners of the building. Future residents will not only benefit from stunning living spaces within their apartments, but will also have access to a range of exceptional facilities and communal spaces adding to the luxurious lifestyle Landmark Place offers, like the beautifully landscaped piazza which

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LONDON PROPERTY | BARRATT HOMES

leads into a glass roofed reception area, with a bookcase-lined wall, fireplace and seating areas. Thoroughly thought through amenities include a health suite, residents lounge, cinema room, business suite and more. The residents’ private health suite on the ground floor, has one entire wall of translucent glass to flood the area with light while ensuring complete privacy. In addition to the 20 metre swimming pool, residents will also have a jacuzzi, sauna, steam room and a treatment room. Also on the ground floor, is the magnificent residents’ lounge, with three floor to ceiling glass walls providing incomparable river views, fully equipped with wifi, audio visual and catering facilities as well as elegant soft seating. Residents

will be able to use this space to host meetings small events or simply enjoy reading a good book A glamorous cinema room, complete with wide-screen TV and surround sound, can be hired to share with friends or for business and booked via the concierge. The business suite comes fully equipped complete with full audio visual services and catering facilities, which residents can use instead of the lounge for private functions A 24 hour concierge service, staffed by two people during the day, ensures a personalised service and effortless living that is available at all times. This includes greeting guests, accepting deliveries, booking transportation and making reservations.

“THE QUALITY OF THE INTERIOR ARCHITECTURE BY BOWLER JAMES BRADLEY, IS AS SIGNIFICANT AS THE EXTERIOR DESIGN”

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Riverside London, TW8

50% OFF STAMP DUTY LAND TAX ON LAST REMAINING PROPERTIES*

Beautiful two bedroom apartments with views over the River Thames and located close to Kew Gardens. • TWO BEDROOM APARTMENTS • READY TO MOVE INTO IMMEDIATELY • EASY TO MAINTAIN • VIDEO ENTRY SYSTEM • CONTEMPORARY KITCHENS WITH INTEGRATED APPLIANCES • OUTDOOR SPACE • SECURE UNDERGROUND PARKING • COMMUNAL GARDEN

Prices from £720,000 020 8995 2345

riversidetw8@nhhg.org.uk • www.nhillsales.com/riversidetw8 Riverside, Kew Bridge Road, London TW8 0EB

Images of show apartment are indicative only. Price correct at time of print. Notting Hill London, part of the Notting Hill Housing Group, Bruce Kenrick House, 2 Killick St, London N1 9FL. *Stamp Duty Land Tax (SDLT ) is only available on the asking price and not on second properties. Images of show apartment are indicative only. Price correct at time of going to print.

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LONDON PROPERTY | BARRATT HOMES

RAUL CIMESA

Head of City & East New Homes at KNIGHT FRANK, comments:

Landmark Place is a truly standout success story. Launched last year off plan, the scheme is now 50% sold with a year to go until completion. The scheme’s sales success has been driven by its high quality specification, luxury amenity offering and unique position. It is currently the only riverside residential development for sale within the City of London. Its rare position, with large proportion of units benefiting from uninterrupted views across the Thames, striking architecture and glass façade, have been attracting buyers from the UK and around the globe. The combination of location, design principals and best-inclass finishes has resulted in the scheme’s continued strong performance.”

JASON MARGETTS Head of East London Residential Development at SAVILLS, comments:

Situated in a prime, unique location within the City of London. On the north bank of the Thames, overlooking the iconic Tower Bridge, Landmark Place is the ultimate City address. The limited residential supply in The City in recent years means Landmark Place is well placed to meet the high demand from The City’s vast employment pool. Now over 50% sold, we have seen demand come

from both domestic and international owner occupiers/investors alike. Landmark Place has genuinely attracted and appealed to a truly global audience which is testament to its unrivalled success. The building’s striking architecture and very high quality specification, coupled with the exceptional amenities, including a library, screening room, swimming pool, gym and spa mean the offering from Landmark Place is second to none. Given Barratt’s commitment, ambition and vision to deliver this scheme in the manner in which they have, it’s no wonder that this scheme has seen the level of demand and success that it has had to date”. • For further information call Barratt Homes on +44 (0) 20 3475 1020 or visit barratthomes.co.uk

“LANDMARK PLACE IS TRULY A SUCCESS... LAUNCHED LAST YEAR OFF PLAN, THE SCHEME IS NOW 50% SOLD WITH A YEAR TO GO UNTIL COMPLETION”

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S PA C I O U S 1 B E D R O O M

A PA R T M E N T S AVA I L A B L E NOW IN CHISWICK Ready to move into this year A short walk to two London underground stations & local shops Superior specification & private landscaped gardens in gated settings Most apartments with balconies & terraces 1, 2 & 3 bedroom apartments Located in Zone 3

Available to reserve now - Prices from £585,000 Travel Times by Tube Piccadilly Circus 26 MINS

Heathrow Airport 30 MINS

St Pancras International 34 MINS

Journey times and distances are approximate. Sources: TfL and Google maps. Showhome photography of 500 Chiswick High Road. *Primary home only, not available to investors. Offer available on selected plots only, subject to availability. Terms and conditions apply. Redrow reserve the right to withdraw or alter this offer at any time. Offer cannot be used in conjunction with any other Redrow offer.

500CHISWICKHIGHROAD.CO.UK SALES & MARKETING SUITE, 500 CHISWICK HIGH ROAD, CHISWICK, LONDON W4 5RG FOR MORE DETAILS CALL 0203 733 0840 500 CHISWICK HIGH ROAD.indd 1

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L I V I NG T H E

DREAM The most luxuriously appointed properties on the market by T A M A R V A N D E R H O E K

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LONDON PROPERT Y | LIVING THE DREAM

COLLINGHAM GARDENS W 5 £ 1 6 ,0 0 0 P E R W E E K

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his outstanding eight bedroom family home spanning nearly 10,000 square feet. The property has been sympathetically restored incorporating many contemporary features. The house also includes a master suite with his and hers dressing rooms, bathrooms with imported Italian marble, an underground games room, and operational spa with a sauna and Turkish bath. CHESTERTONS Corporate Short Lets,+44 (0) 20 3040 8340; chestertons.com

BAKER STREET N W 1 £ 2 ,75 0,0 0 0

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n outstanding four bedroom apartment with a high quality interior designed finish. The apartment boasts high ceilings throughout and is located on Baker Street in a portered block. Technologically the apartment is wired for most AV installations and also has an integrated speaker system. KFH Marylebone, +44 (0) 20 3792 1267; kfh.co.uk

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LANDSDOWNE HOUSE

LIVERPOOL ROAD N 1 , £ 1 ,9 5 0,0 0 0

N 6 , £ 1 6 ,0 0 0,0 0 0

which was designed from start to finish by the wellknown interior designer Kelly Hoppen. Only four years old, the property has been finished to an exceptional standard throughout and offers a wealth of luxuries including state-of-the-art technology, off-street parking and a beautifully landscaped private garden. Arranged over four floors, the six bedroom home features a grand staircase in the entrance, three reception rooms, a dining room, an outstanding indoor pool complex, spa area, treatment room, gymnasium cinema and garden. BEAUCHAMP ESTATES London, +44 (0) 20 7722 9793;

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beauchamp.com

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~ substantial detached house

T

~

his spectacular and truly inspiring four bedroom town house that has been furnished to the highest of standards. Set over four levels, each storey has been designed with a keen eye for detail to create a stylish and elegant home. The ground floor offers impressive open plan living space that leads on to a charming sunken garden with a fireplace built into the rear garden wall – making for a delightful entertaining space. Additional features include underfloor heating and programmable lighting in every room. JOHN D WOOD & CO. Islington, +44 (0) 20 7354 9737; johndwood.co.uk

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LONDON PROPERT Y | LIVING THE DREAM

CARLTON HILL N W 8 , £ 1 5 ,9 5 0,0 0 0

T

~

his house is an imposing, detached and handsome period home, in St John’s Wood within the local authority of Westminster. Built in 1850, it is offered for sale having recently undergone a substantial refurbishment programme and ready for immediate occupation. The property comprises 6 bedrooms, 8 bathrooms, 5 reception rooms, a landscaped garden, terraced space and an indoor swimming pool. RUSSELL SIMPSON London, +44 (0) 20 7225 0277; russellsimpson.co.uk

WILTON PLACE, BELGRAVIA SW 1 , £ 1 4 ,0 0 0,0 0 0

N

~

ewly refurbished by renowned designers Wilben, this Grade II listed home is located in a prime position in an exclusive Belgravia garden square and incorporates fully integral mewshouse with a double garage and roof garden. The house uniquely benefits from a double mansard roof allowing six bedrooms upstairs and an unusually large mews house to the rear with a passenger lift to all floors, a surround sound cinema and a large double garage. HARRODS ESTATES Knightsbridge, +44 (0) 20 7225 6508 harrodsestates.com

M Y D D E LTO N S Q UA R E EC1 £ 6 ,0 0 0,0 0 0

This handsome Grade II listed Georgian home was transformed in 2012/13 by property development specialists G & T London, creating opulent living spaces. The finest materials have been sourced and combined with stunning restored period detailing. High specification finishes are abundant and a contemporary glass rear extension opens onto the raised decking and immaculate garden which has been beautifully finished in stone with shrub borders. KNIGHT FRANK Islington, +44 (0) 7770 017121;

knightfrank.co.uk

VAUXHALL BRIDGE ROAD

THE PENTHOUSE M AY FA I R H O U S E

SW 1 , £ 3 , 6 9 5 ,0 0 0

W1K

he last remaining double aspect penthouse within The Penthouse Edition development in Victoria. Unlike anything else in London, this home has extraordinary living spaces including two bedrooms with en suite bathrooms, an open plan living area and kitchen and a spacious roof terrace that has panoramic views of the London skyline. SOTHEBY’S INTERNATIONAL REALTY London, +44 (0) 20 7495 9580; sothebysrealty.co.uk

£ 3 5 ,0 0 0 Pw

T

~

Alandmark development of super prime apartments to let. The Penthouse Suite is appointed over two floors, the fourth and fifth, with a private rooftop garden above. Accommodation includes five bedroom suites, a private office and an entertainment suite. SAVILLS Mayfair, +44 (0) 20 7578 5101;

savills.com

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HELP TO BUY† AT ROYAL ARSENAL RIVERSIDE A limited collection of 1 and 2 bedroom apartments will be available with Help to Buy† at Royal Arsenal Riverside. Royal Arsenal Riverside is an outstanding riverside location, with an ever expanding range of residents’ amenities. It is ideally situated for the forthcoming on-site Crossrail station and London City Airport, which is just 7 minutes away.

Call 020 3733 7325 to register your interest

|

www.royalarsenalriverside.co.uk

Sales & Marketing Suite open daily 10am to 6pm (Thursdays until 8pm). Imperial Building, No. 2 Duke of Wellington Avenue, Royal Arsenal Riverside, Woolwich, London SE18 6FR.

Pavilion Square

Waterfront II

ROYAL ARSENAL WOOLWICH

CANARY WHARF 8 MINUTES*

LIVERPOOL STREET 14 MINUTES*

BOND STREET 22 MINUTES*

HEATHROW 50 MINUTES*

Computer generated images are indicative only. Photography depicts Dial Arch Square at Royal Arsenal Riverside. Information correct at time of going to press. *Approximate travel times for Crossrail taken from Royal Arsenal Woolwich. Source: www.crossrail.co.uk. †Help to Buy is subject to the Homes and Communities Agency’s (HCA) terms and conditions and is available on new build homes up to £600,000 to customers where the property represents their only residence. YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY OTHER DEBT SECURED ON IT. CHECK THAT THIS SCHEME WILL MEET YOUR NEEDS IF YOU WANT TO MOVE OR SELL YOUR HOME OR YOU WANT YOUR FAMILY TO INHERIT IT. IF YOU ARE IN ANY DOUBT, SEEK INDEPENDENT FINANCIAL ADVICE.

Proud to be a member of the Berkeley Group of companies

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LONDON PROPERT Y | LIVING THE DREAM

S LOA N E S Q UA R E SW 1 W, £ 6 ,9 5 0,0 0 0

~

A three bedroom lateral apartment that occupies the second floor of a period building on Sloane Square, in the heart of Knightsbridge. The property features three large double bedrooms, all with en-suite bathrooms, a grand reception room, separate dining area, kitchen, a lift, high ceilings and two balconies whilst boasting exceptional west facing views with seven windows overlooking Sloane Square.

RUSSELL SIMPSON London, +44 (0) 20 7225 0277; russellsimpson.co.uk

THE ATILIER

THE BOLTONS

W 1 4 , P OA

SW 1 1 , £ 7,9 5 0,0 0 0

~ ocated in the heart of West

L

Kensington, The Atelier is a luxury collection of 43, one, two and three-bedroom apartments. Set around a central private landscaped courtyard in one of London’s exclusive postcodes, the Atelier provides residents with the benefits of luxury development living while offering the sought-after exterior façade of a traditional home in the residential area, all still within walking distance of sought-after leisure, entertainment and retail locations. W.A. ELLIS Knightsbridge, +44 (0) 20 7306 1610 residential.jll.co.uk

S

~

ituated in one of the finest addresses in West London is this unusual family house with off street parking. The house has a traditional exterior in keeping with the prestigious Victorian villas that surround it but behind lies a contemporary and well laid out lateral house. Of particular note is the double height void that connects the reception room to the kitchen and dining room below. The entire first floor is given over to a substantial master bedroom suite. There are three further bedrooms and 3 further bathrooms. SAVILLS Chelsea, +44 (0) 20 7578 9000; savills.com

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BEAUTIFULLY PLACED THE TOWER PENTHOUSE CHELSEA CREEK, LONDON SW6

MAKE AN APPOINTMENT TODAY MAKE A HOME TOMORROW +44(0)20 3504 5651

|

SALES@CHELSEACREEK.CO.UK

|

CHELSEACREEK.CO.UK

Proud to be a member of the Berkeley Group of companies

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LONDON PROPERTY | BARRATT HOMES

RIVERSIDE RESIDENCE Barratt London’s Central Avenue Homes at Fulham Riverside by T A M A R V A N D E R H O E K

O

nly four of the elegant family houses on Central Avenue at Barratt London’s Fulham Riverside development remain available. Influenced by the riverside warehouses in the area, these homes offer a contemporary twist on the traditional London townhouse, but are enhanced by the addition of concierge service and an integral garage reached by a private lift. The multiple floors can provide a range of alternative layouts with separate living quarters, games rooms or a contemporary office space. Two layout options are available, including the Holland, which offers a self-contained ground floor bedroom suite, ideal for live-in staff or extended family stays. Situated on west London’s prime waterfront and surrounded by an acre of tiered awardwinning landscaped gardens, Fulham Riverside, is a vibrant new riverside development. With a choice of layouts across five floors, Central Avenue at Fulham Riverside presents a rare opportunity to own a new build home of such scale, in a

riverfront location. The four and five-bedroom townhouses provide all the benefits of multi-level living, with a personal lift to all floors, with secure access from the private underground basement car park. Gavin Stewart, Sales Director at Barratt London, comments: “Central Avenue is the pinnacle of our Fulham Riverside development, completing the first phase and offering beautiful family homes right in the heart of dynamic and energetic South West London. “This is a unique proposition, presenting the opportunity to own a bespoke London townhouse in a prestigious address right by the River Thames, alongside an acre of beautiful landscaped gardens with an integral garage accessed by a private lift. It really is the ideal location for a London family home.” Residents at Fulham Riverside enjoy a wealth of amenities including a badminton court, table tennis and chess tables, outdoor gym, residents’ fitness suite and a Conran-designed lobby with 24-hour concierge service. The development has also opened up one of London’s last undeveloped riverfront locations to the public by way of a riverside boulevard.

The development is located on the north bank of the Thames, between Chelsea and Putney. The area is home to some of London’s finest schools and parks, and nearby New King’s Road offers an abundance of high-end retailers as well as many of the London’s most popular restaurants and bars.

OVERGROUND STATION, IMPERIAL WHARF IS WITHIN WALKING DISTANCE WITH LINKS TO: Clapham Junction in five minutes Shepherd’s Bush in seven minutes Waterloo in 24 minutes Paddington in 21 minutes Gatwick Airport in 47 minutes Four and five-bedroom homes are available from

£3,500,000

Completion is expected in late 2020.

“THESE HOMES OFFER A CONTEMPORARY TWIST ON THE TRADITIONAL LONDON TOWNHOUSE” LONDON & UK PROPERTY ž DUBAI 2017

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CENTRAL LONDON LIVING Where culture, business and education is all on your doorstep by T A M A R V A N D E R H O E K

BRANDON HOUSE

E

njoy central London living at Crest Nicholson’s Brandon House, a new luxury development in the heart of SE1. Located directly opposite Borough underground station, residents at Brandon House will benefit from being within walking distance to some of London’s key business and cultural hubs, as well as iconic attractions like the London Eye, London Bridge and the Shard. This state-of-the art development comprises a collection of one, two and three bedroom apartments, two bedroom duplexes, and two and three bedroom townhouses. Each home at Brandon House is designed to reflect the needs of modern London living, built to maximise light and space with open-plan living

44

rooms. Each home will have at least one terrace or balcony, offering much sought-after outdoor space in this prime city centre location. Brandon House also has a dedicated concierge team, which means complete security and safety. Their services are open to both residents and guests, offering trusted staff to hold keys, receive packages, dry clean clothes, and provide extra services on request. The area has fantastic transport links, with numerous buses and tube stations like Borough, Southwark, Waterloo, London Bridge and Bermondsey offering Jubilee and Northern Line routes, as well as National Rail and easy access to London’s four main airports. Next year, the area will also see the arrival of the Elizabeth Line opening links up from Canary Wharf. • Homes are still available at Brandon House. To find out more call +44 (0)20 3437 1101 or visit crestnicholson.com/brandonhouse

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LONDON PROPERT Y | CREST NICHOLSON

EACH HOME AT BRANDON HOUSE IS DESIGNED TO REFLECT THE NEEDS OF MODERN LONDON LIVING

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THE LARGEST AND MOST INFLUENTIAL REAL ESTATE INVESTMENT AND DEVELOPMENT EVENT FOR EMERGING MARKETS GLOBALLY

Visit the show for EXCLUSIVE D DISCOUNTS AN OFFERS!

THE HOME OF REAL ESTATE INVESTMENT Cityscape Global 2017 is the largest and most influential real estate investment and development event for emerging markets globally. Bringing together investors, developers, government officials and real estate professionals, there is no better place to find investment opportunities and new business partners.

REGISTER ONLINE +9714 336 5161

»

Projects Marketing Sponsor

CITYSCAPE GLOBAL DUBAI.indd 1

Strategic Partner

Dubai World Trade Centre, UAE

SAVE AED100

 info@cityscapeglobal.com

Foundation Partners

11 - 13 SEPTEMBER 2017

 www.cityscapeglobal.com

Platinum Sponsors

Official Business Website

Business Partner

Silver Sponsor

Official Classified Partner

Official Russian Partner

Organised by

30/08/2017 16:33


LONDON PROPERTY | PARKS

G R E E N S PAC E S IN LONDON

The best parks to live near in London by N I G E L L E W I S

F

or decades our city has been hailed as one of the greenest in the world. And that’s not surprising; it’s got eight million trees, 30,000 allotments, three million gardens and 3,000 parks and commons covering 47% of its surface area. But green spaces have a monetary value for homeowners as well as a pleasing look. Research has shown that apartments near to parks are 8% more valuable than those that aren’t. And as London’s overcrowding problems have increased, we’ve all come to treasure our local parks. Here are some of the best.

RAVENSCOURT PARK Hammersmit h, W1 2 AVERAGE PRICES NEARBY

A

£5 3 3 ,700 for a flat £1.17 Million for a house

~

20.5-acre park that’s the flagship green space of Hammersmith & Fulham and dates back to 1883. It’s famous for cedar and plane trees as well as its lake, and has won a Green Flag award several times. It has a paddling pool, kids’ beach in the summer, garden centre, café, basketball and tennis courts, astroturf football pitch, bowling green, netball courts and five playgrounds.

CRANE PARK

M

Four bedroom semi overlooking Ravenscourt Park Foxtons (020 8996 6000)

£850

K

Two bedroom maisonette overlooking Waterlow Park, KFH (020 3792 1808)

BEAVERSFIELD PARK

AVERAGE PRICES NEARBY

Hou ns l ow Wes t, TW 4

WATERLOW PARK

£3 62 , 3 00 for a flat £617,700 for a house

AVERAGE PRICES NEARBY

AVERAGE PRICES NEARBY

£ 24 5,0 0 0 for a flat £4 50,0 0 0 for a house

£81 1 ,726 for a flat £2 M Million for a house

R ichmond , TW2

T

£3.4

~ his 75-acre park is one of

London’s less predictable. It’s between Twickenham and Feltham and is a thin, long green space running alongside the River Crane. From the mid-18th century until 1927 gunpowder was made on the site, it was sold to the local council and turned into a wildlife park. This is now home to a thriving colony of marsh frogs and a rare kind of water vole. The River Crane is said to be one of London’s few remaining natural water courses.

B

~

eaversfield Park is unusual because it’s one of the few parks to be purpose-built since the Victorian era. It was opened in 1935 to give the residents of west London’s burgeoning suburbs somewhere to relax and exercise. The park became a ‘no-go zone’ at one point but in 2004 it was refurbished and has gone on to win Green Flag awards in 2008, 2010 and 2015. It has a cricket pitch, football pitches and tennis courts.

H i gh ga te , N 6

W

~

aterlow Park is next to Highgate Cemetery and is an achingly beautiful public park overlooked by a grand mansion which is now a café, education centre and events venue. Bequeathed to the public in 1889 by Sir Sidney Waterlow as a ‘garden for the gardenless’, today it includes several tennis courts, a nature area, playground, pounds and a kitchen garden. What hasn’t changed are the panoramic views.

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CIT YS CAPE DUBAI 2017

Introducing Onsite Sales for 2017

Set to generate huge returns for exhibitors and offer great opportunities for investors, onsite sales marks a milestone for Cityscape Global Events. by T A M A R V A N D E R H O E K

O

ver the last 16 years, Cityscape Global has acted as the barometer for the real estate market in the MENA region, responsible for fostering partnerships and creating opportunities that drive development and investment abroad and across the country. Firmly established as the leading platform for real estate investment, both regionally and internationally, Cityscape Global is where the market meets to network and keep updated on current trends, whilst investors and end-users can benefit from the wide range of investment opportunities and advice, under one roof. The biggest change introduced to Cityscape Global, marking a milestone for the event, is the implementation of onsite sales. Set to generate huge returns for exhibitors participating at the show, as well as offer great opportunities for investors and end users, the decision comes with the support of the Real Estate Regulatory Authority (RERA). Developers with projects in the UAE who have the proper approvals will be able to sell properties during the event, and Cityscape Global exclusive deals and offers are expected to be highly anticipated by visitors. Tom Rhodes, Exhibition Director, Cityscape Global said: “Over the years we have been privileged to showcase many iconic projects from around the world, covering high-end luxury investment, to mid-income housing which is becoming a more prominent feature of the real estate landscape in the region. “We work closely with key governing offices in the region such as the Dubai Land Department, to ensure that properties

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CIT YSCAPE | DUBAI 2017

LONDON & UK PROPERTY ž DUBAI 2017

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CANADA WATER SE16

GET CLOSER TO THE CITY Stunning 1, 2 and 3 bedroom apartments in Zone 2 NOW OVER

50% SOLD

Move fast if you want to take advantage of the spectacular views and prime location of London Square Canada Water, which is now over 50% sold. With a central landscaped courtyard, concierge, balcony or terrace to every apartment and close proximity to the tube, London Square Canada Water is the ideal choice for connected London living.

Prices from ÂŁ520,000 The Sales Suite and Show Apartment, 24 - 28 Quebec Way, London SE16 7LF.

0333 666 0106

www.londonsquare.co.uk

Photography depicts the showhome at London Square Canada Water and is indicative only. Computer generated image depicts London Square Canada Water and are indicative only. Travel times sourced from Google Maps. Details and prices are correct at time of going to press. August 2017.

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CITYSCAPE | DUBAI 2017

being promoted at the show are done so in accordance with their regulations. Leading authorities like RERA have worked hard over the years to implement strong policies to support a transparent investor climate. Cityscape Global is a keen supporter of these initiatives and regularly host leading speakers from government departments to promote best practice in the industry and ensure investors receive a high standard of service.” Cityscape Global Conference Running one day prior to the exhibition is expected to gather more than 1,500 delegates and speakers taking part in three dedicated sessions: Market Overview, Architecture Programme, and Real Estate Brokers Programme. Industry experts and stakeholders will discuss topics such as the long-term future of Dubai’s Expo2020 site, innovations in the regulatory landscape and the impact of Blockchain technology. Guest speakers such as HE Marwan Bin Ghalita, CEO, RERA; HE Wesam Lootah, CEO, Smart Government Dubai; and Craig Plumb, Head of Research, JLL MENA will give exclusive presentations and share their knowledge of the industry during the morning session. The Cityscape Awards for the Emerging Markets is set to take place on the first day of the exhibition (Monday 11 September) at Conrad Dubai, and will

celebrate the very best in architectural design and real estate innovation. Receiving over 300 submissions this year, the largest recorded since the awards began; VIPs, industry forerunners and delegates will come together for an evening event dedicated to excellence in their field. Last year, a Cityscape Global survey found that close to 30% of attendees were homebuyers and investors, while 68% of visitors confirmed they intended to make a purchase or conduct business with a company that they met during the exhibition. In addition, a YouGov attitudinal survey – conducted in partnership with Cityscape and commissioned ahead of Cityscape Global last year – revealed that 42% of GCC and Egyptian investors see UAE as the most attractive country to invest in real estate. According to Lynnette Abad, Partner and Head of Property Monitor, Data Partner at this year’s Cityscape Global, at Cavendish Maxwell, the average apartment prices across Dubai have continued to trade within a close range of AED 1.2 million to AED 1.4 million over the last 12 months, while average prices for villas have moved up to AED 2.2 million this quarter.

“LEADING AUTHORITIES LIKE RERA HAVE WORKED HARD OVER THE YEARS TO IMPLEMENT STRONG POLICIES TO SUPPORT A TRANSPARENT INVESTOR CLIMATE”

• To find out more about Cityscape Dubai 2017, please visit: cityscapedubai.com

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Harrods Estates brings

LONDON property to the world

• LONDON RESIDENTIAL SALES • LONDON RESIDENTIAL LETTINGS • ACQUISITIONS • NEW DEVELOPMENTS • ASSET MANAGEMENT • PROPERTY MANAGEMENT

KNIGHTSBRIDGE OFFICE: 82 BROMPTON ROAD LONDON SW3 1ER T: 020 7225 6506 MAYFAIR OFFICE: 61 PARK LANE LONDON W1K 1QF T: 020 7409 9001 CHELSEA OFFICE: 58 FULHAM ROAD LONDON SW3 6HH T: 020 7225 6700 KENSINGTON OFFICE: 48-50 KENSINGTON CHURCH STREET LONDON W8 4DG T: 020 3650 4600

HARRODSESTATES.COM @HarrodsEstates

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Established 1897

A sixth floor apartment in a sought-after development Trinity House, Kensington W14 • Large open-plan reception • Two / three bedrooms • Balcony with two access points

GUIDE PRICE

£2,300,000 TENURE

Leasehold: Approximately 993 years

• Swimming pool, spa and gym • 24-hour concierge and security • 1,150sq ft/ 106.84sq m

EPC RATING

B

CONTACT

KENSINGTON OFFICE 020 3650 4600 shaun.drummond@harrodsestates.com

H A R R O D S E S TAT E S . C O M

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Established 1897

A spacious, detached six-bedroom house in Wimbledon. Coach House Lane, Wimbledon SW19 • Discreet residential location • Great scope to entertain • Two private garages

GUIDE PRICE

£5,000,000 TENURE

Freehold

• Six bedrooms & five bathrooms • Potential to add value and/or extend • Southerly aspect

EPC RATING

E

CONTACT

CHELSEA OFFICE 020 7225 6700 mark.greenway@harrodsestates.com

H A R R O D S E S TAT E S . C O M

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Established 1897

A two-bedroom flat on this exclusive Knightsbridge square. Cadogan Square, Knightsbridge SW1 • Generous reception room • Separate kitchen • Two double bedrooms

GUIDE PRICE

£2,100,000 TENURE

Leasehold: Approximately 988 years

• Resident porter • Access to square gardens/Tennis Court • Approximately 995sq ft/88.72sq m

EPC RATING

B

CONTACT

KNIGHTSBRIDGE OFFICE 020 7225 6509 michael.harte@harrodsestates.com

H A R R O D S E S TAT E S . C O M

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What are they going to see from down there, really?

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The heart wants what the heart wants. Discover penthouse flats with city views using keyword search.

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WATERFRONT REVIVAL Liverpool is seeing an unparalleled transformation, Nigel Lewis finds out more by N I G E L L E W I S

A

t the time of the global financial crisis in 2008 the beautiful but under-funded cities of the north were not considered great places for property investors who were hoping to make healthy returns on their money. House price growth was sluggish and returns on investment from rents relatively unappealing compared to London. But as the UK economy has recovered, the north has begun to shine in many investors’ eyes. In recent years London’s higher property prices and plateauing rents have persuaded many investors both corporate and personal to turn their attention to other cities outside the capital including Manchester, Bristol and Birmingham. This has helped transform many areas of these cities as new-build apartment developments, shopping centres and improved transport infrastructure has followed. And now it’s Liverpool’s turn to experience a transformation which, at the moment, is focussed on its former docks. This includes a £5.5 billion transformation of a previously near-derelict area of docks on the Mersey close to the city centre. Liverpool Waters is a 60-hectare site straddling 2.3 km of Liverpool’s river frontage that will become a business, sports, shopping, leisure and residential district. It will have 9,000 new homes including several apartment towers up to 44 storeys high within the Princes and Central Docks neighbourhoods, as well as more low-rise properties within

58

the Clarence and Northern docks areas. “Although the masterplan for Liverpool Waters was announced ten years ago, progress has so far concentrated on the Princes Dock neighbourhood, the new home of the Cruise Liner Terminal, with the bulk of effort going on behind the scenes to secure planning permission,” says Lindsey Ashworth of Liverpool Waters. “By the end of this year, the team [is] expecting to see over £300 million of construction work starting on site.” As well as all this building activity, property investors are attracted to Liverpool not only by its lower-than-average house

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UK PROPERTY | LIVERPOOL

prices but also rising rents, which mean gross returns on investment are very appealing compared to other areas of the UK. For example, figures from Jones Lang LaSalle show that prices for apartments in Liverpool are currently £120,000 for a one-bedroom flat and £195,000 for a two-bedroom unit. This compared to the national average which is £202,300 for apartments overall. JLL says average rents, on the other hand, are £695 a month for a one-bedroom apartment and £900 for a two-bedroom unit which, if you combine the two, deliver net yields of 6.95% for onebedders and 5.53% for two-bedroom

units, on average. According to figures by buy-to-let mortgage broker Private Finance published this year, Liverpool is the best city in the UK for rental returns, and its figures are even higher than JLL’s. Private Finance says Liverpool’s net rental yield across the city is 8%, well ahead of rivals Nottingham (5.6%), Coventry (5.4%) and Manchester (4.3%). It’s also easy to see why many investors are looking further afield than London – Private Bank says net returns in the capital are between 3.3% and 3.7%. “Although the past few years have been great for Liverpool’s property market, it’s still a relatively new sector in terms

“LIVERPOOL WATERS IS A 60-HECTARE SITE STRADDLING 2.3KM OF LIVERPOOL’S RIVER FRONTAGE THAT WILL BECOME A BUSINESS, SPORTS, SHOPPING, LEISURE AND RESIDENTIAL DISTRICT”

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UK PROPERTY | LIVERPOOL

of regional growth,” says investment specialist ExperienceInvest. “Other areas such as Manchester and Leeds have been increasing in value for investors for a number of years as they were flooded with new businesses and rising student numbers. “However, it was only the regeneration and redevelopment of Liverpool in the last couple of years that really kickstarted the city.” And because of this, house prices in Liverpool are only just beginning to increase at the same rate as the city’s northern counterparts. For example, according to property data firm Hometrack, Liverpool’s house prices are increasing by 3.8% and the local average house price is £118,000. This compares with Manchester where prices are rising by 6.4% and are at £155,700 while, on the other hand, a city such as Oxford in the South of England has an average house price of £424,400 and prices rising by just 2.1%. Or London, where the average price is £492,700 and house prices are rising by 2.6%. But Liverpool isn’t just about getting on the investment escalator early on. A large part of the city’s investment scene is its student property market. Liverpool has a fastgrowing population of 70,000 students and an even faster growing provision

“BOTH DOMESTIC AND OVERSEAS INVESTORS VIEW LIVERPOOL AS OFFERING THAT IDEAL COMBINATION OF A HEALTHY RENTAL YIELD AND GOOD CAPITAL GROWTH”

of quality accommodation try to keep pace with demand. As in many other cities in the UK, this means privatelyfinanced new-build development specifically designed for students with communal lounges, study area and laundry facilities, but of a standard that many four-star hotel regulars would approve of – and a long way from the peeling wallpaper and damp walls many students used to endure. Liverpool has even dedicated a large numbers of the city’s central districts as a ‘knowledge quarter’ where development and funding is being focused on accommodation and services for students. It includes the main student campuses for the key academic institutions such as the University of Liverpool, Liverpool Science Park, Liverpool John Moores University, Liverpool Hope University Creative Campus and the Royal Liverpool University Hospital. Within this area is Aura, a student apartment block on Erskine Street being developed by the Elliott Group and marketed by ExperienceInvest, which is offering investors an 8.5% net return on investment over five years. The development will include 142 one- and

two-bedroom apartments for rent, along with 1,007 student rooms, as well as a communal lounge and kitchen, a yoga lounge and gym, study and meeting areas and pool tables. “The UK’s economic fundamentals remain strong and both domestic and overseas investors view Liverpool as offering that ideal combination of a healthy rental yield and good capital growth,” says Elliot Group’s director Elliott Lawless. “Our partner at Experience Invest does an amazing job attracting investors both from home and overseas and remain critical to our operation. They have opened a source of competitively-priced finance that is hard for more established providers to beat.” The window of opportunity for property investors has opened up if the results and developments outlined by ExperienceInvest continue, and Hometrack also says that they may – for two years. Its latest city index reveals that it will be two years before Liverpool house prices achieve their pre-financial crisis levels. But when they do, Liverpool will this time be a place many property investors consider a great place to invest in.

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NORTHERN POWERHOUSE Why the city of Manchester has got property investors talking by N I G E L L E W I S

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anchester has been one of the most discussed property markets among property investors recently, many of whom believe the city may be able to deliver considerable returns on investment in the coming years. There are several reasons for this. The first is that many key organisations have moved out of London and relocated to Manchester, most famously the BBC. In 2011 the broadcaster moved its HQ and 2,300 staff from White City in London to Manchester’s MediaCityUk quarter at Salford Quays. Also, 65% of FTSE 100 firms now have offices in the city including JD Sports, Google, KPMG, Deloitte, Moneysupermarket and Thomas Cook. And Chinese money is pouring in too, including £200m for the redevelopment of Manchester’s central neighbourhoods and a Chinese-backed plan to build 55,000 new homes within the city between now and 2025. And during a recent visit to Manchester China’s leader Xi Jinping announced a £130m business hub at Manchester Airport to house Chinese companies seeking a British base, which is to be built by a consortium of UK and Asian companies. Manchester is also to be at the centre of a major new network of fast trains from the north of the UK to the south which, it is hoped, will make travelling between its town and cities easier. This includes a £21 billion HS2 high-speed rail link that will connect York, Leeds and Manchester and make the journey to London shorter. “Manchester is experiencing unprecedented levels of investment from both the UK and overseas,” says Graham Davidson, a director at Manchester-based Sequre Property Investment. “You just have to take one look around the city centre to see the sheer number of new projects

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that are underway including hotels, homes, offices, shops and more, all of which point to a booming economy with long term appeal.” Such increased confidence in the city is having a positive effect on its property market, particularly for investors. According to agent Jones Lang LaSalle (JLL) Manchester’s city centre, where many property investors prefer to put their money, is witnessing a strong uplift in prices driven by buyers chasing too few properties for sale. One and two bedroom flats are being sold for between £135,000 and £210,000, an increase of 9.5% on average over the past year. According to Neil Chegwidden of JLL, there is high demand at the top of the market among buyers looking to spend £250,000. Yields from property in central Manchester have also been rising as rents have risen strongly says JLL and, according to Savills, there has been a rapid expansion of the private rented sector recently, particularly among students and young professionals. “The number of households renting privately in central Manchester and Salford rose by 436% between 2001 and 2011 and now represents 63% of households in the city centre,” says Savills recent ‘Future of Manchester’ report.

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UK PROPERTY | MANCHESTER

“MANCHESTER IS A COLLECTION OF TOWNS SURROUNDING THE CORE, EACH WITH DIFFERENT MARKET CHARACTERISTICS”

The city’s 100,000-strong student population is a strong driver of demand for rented property according to JLL. But the most significant boost to the city’s property market has been the news from Abu Dhabi United Group, who own Manchester City Football Club, that it is to spend £1 billion on building 6,000 new homes on the eastern fringes of the city in Ancoats and New Islington. But the property market outside Manchester’s central neighbourhoods is more and more difficult one to measure. Manchester is a collection of towns surrounding the core, each with different market characteristics and rates of gentrification and development. Richard Donnell, head of research at property market analyst Hometrack, says growth has

been led by the high value areas of Trafford and Stockport while the lower-value areas have underperformed, although Salford, Bury and Tameside have seen significant price uplift. But overall a strong future for the city is predicted and Savills says prospects for investors in Manchester have improved significantly in rent years. “Most city centre schemes are achieving values in the region of £300/sq. ft. with realisable rents of about £17/sq. ft. to £20/sq. ft. Gross yields are around 6%,” its report says. “As a result, Manchester has become a focus for investors including Housing Associations, Private Companies, UK and European Institutions and Private Equity as well as overseas capital from the Middle East, China and US. However, much more is needed.”

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SUSTAINABLE LIVING The Beacon is the world’s most sustainable residential tower by T A M A R V A N D E R H O E K

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onstruction sites and buildings are responsible for approximately 40% of the world’s emissions, and the World Health Organisation quotes air pollution as the number one risk to human health, responsible for seven million deaths worldwide. Tackling these issues, Lumiere Developments have made it their mission to take careful consideration into their practice of constructing new builds. By using emission-free renewable energy generation, simple energy conservation technologies and old stock, Lumiere have successfully designed and launched the world’s most sustainable residential tower, The Beacon. Located in the heart of Hemel Hamstead’s regeneration district, the development is just 24 minutes from London Euston station via National Rail services. The 17-storey tower has the technology to generate sufficient heat and power from it’s on sight renewable energy systems to power the building’s requirements. Combined with its energy conservation components, The Beacon is a world leader in overall energy efficiency. “Sustainability is at the forefront of everything we do, and we wanted to marry emission-free renewable technologies with simple yet effective energy conservation strategies to create a zero-emission development that is truly world class in its architectural design, engineering and specification.” says Ambi Singh, Commercial Director of Lumiere Developments.

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A multitude of ground-breaking green features combine to make this project the first of its kind. The effective energy saving technologies include the highest density solar farm in the world, integrated solar panels on each floor level and electric car and bike hire schemes. To save energy on heating, triple glazing has been added to all apartments, and quadruple glazing to the upper-floor apartments, as well as ground and air source heat pumps to extract heat from the basement of the building and atrium for hot water and air. Adding to this, a Mechanical Heat and Ventilation Recovery System has been installed to ventilate apartments and create comfort cooling. For toilet flushing and irrigation of the green planters on each external balcony, rainwater harvesting is collected on the roof and balcony levels. These key energy saving features and innovative solutions mean that The Beacon will generate enough power to allow Lumiere Developments to offer ‘Free Energy For Life’ to its residents. The current energy remodelling has predicted that the building will have an expected reduction in heating costs by 70% to

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UK PROPERTY | SUSTAINABILITY

80% compared to normal properties. As a result of this buyers will benefit from annual savings of up to £11,000 per year on household bills from its energy-generating and water retention capabilities. Furthermore, typical monthly costs such as gym memberships, contents and building insurance are all covered and heavily discounted within the annual management fee. In company with the sustainable factors, The Beacon offers its residents with the living experience, amenities and services expected within a new build development. Comprised of 272 studio, one, two and three bedroom balconied apartments and luxury penthouses, each apartment is accessed from the central atrium via scenic glass lifts overlooking the Arboretum, a small collection of trees. The flats benefit from

wood-floored hallways and open plan living areas with ceramic tiled floors and walls. The living spaces open onto private balconies through floor-to-ceiling patio doors and windows to maximise the light infused environment, while the bathrooms are European inspired. The kitchens in every home come fully fitted with energy efficient A+++ rated appliances. Other specifications include smart, controlled thermostats, comfort cooling systems and automated blinds. Skyline apartments on the 13th floor offer impressive terraces with winter gardens, hot tubs and electro-glass for added privacy. The ground floor will act as the central hub for residents featuring the internal arboretum alongside a café and bar area, water features, club lounge and cinema room as well as outside patio space. Up on the first floor will be a 2,200 sq ft gymnasium, fitted with the latest fitness equipment, while a communal roof sky garden will provide an outdoor residents ‘library’ decked area and observatory on the top of the building. Other on-site facilities include a first of its kind, in-house electric car and bike hire scheme, access to the to the UK’s largest automated underground parking system, 24-hour security and concierge service. Set to complete in 2018, The Beacon will contribute to the regeneration of Hemel Hempstead, which is currently undergoing a major transformation. • For further information call Lumiere Developments at 020 3283 8583 or visit thebeacondevelopment.co.uk

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Knowledge. Integrity. Discretion. Of all our fine properties, these are the most valuable.

At Strutt & Parker, we have unrivalled knowledge of the finest properties in London’s most prestigious areas. We offer access to buyers from all over the world through our affiliation with Christie’s International Real Estate. And we provide a trusted and personal service. All of which has helped us become one of the leading agents for exclusive properties in prime central London.

struttandparker.com

60 Strutt & Parker offices nationwide | 1350 Christie’s offices worldwide

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ORPINGTON BR6

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AN EDUCATION IN INVESTING The UK student property market has changed from of all recognition over the past five to ten years by N I G A L L E W I S

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ot that long ago students spent their first year in a hall of residence operated by their university before moving out into privately rented shared houses which were inexpensive, but of low and often dubious quality. This kind of accommodation reflected the limited finances students had at their disposal, as most of them received small grants from their local authority to pay for accommodation, food and travel. That situation has now been turned on its head. Students now take out sizeable loans to fund their way through college and expect good quality, reasonably priced – but not cheap – accommodation. To provide this, many universities and other higher education establishments are increasingly outsourcing their accommodation provision to private companies. It is now normal for students to pay to live in purpose-built new-build blocks that offer better quality and services than previous generations were ever used to. But this has also opened up the student property investment market, particularly because student property can offer much higher yields than traditional buy-to-let properties. According to one specialist consultant in this market, ExperienceInvest, over £11 billion has been put into in student accommodation since 2014 in the UK, particularly in the big university cities outside London. Places such as Leeds, Liverpool, Manchester and Birmingham have seen the number of university-provided beds decrease, and private companies and investors step in to fill the gap. And much of the money being invested is coming from overseas buyers, reflecting the popularity of the UK among Asian, European

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and US students whose parents often buy into the student market to help fund their children’s years studying in the UK. For example, figures from ExperienceInvest show that 64% of the investment in UK student accommodation came from foreign buyers, up from 35% the year before. Asian buyers remain the most likely to put money into student property, according to a recent report into the market by Savills, with those from the Far East in particular getting behind student stock as it “proves itself as a lucrative asset”, it says. “UK higher education is tangible for them and they can get their head around it easily,” says James Hanmer of Savills. And student rents have been rising too. Research by rental rewards website CreditLadder reveals that 16 years ago students paid £51.60p a week or £211.80 a month in rent to live in halls or purpose-built student accommodation. Today they pay £146.73 a week or £601.60p a month. This is an increase of 184% over the past 15 years, and an increase of 18.4% over the past three years alone. Despite all this, students still pay less for their accommodation than the rest of the population. The average rent in the UK is £221.46p a week or £908 a month, 33% more than the average student rent. Student rents also vary hugely depending on where they are at college. Rents range from £119 a week (£487 a month) in Yorkshire to £250 a week (£1,025) in London.

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UK PROPERT Y | STUDENT HOUSING

LIVERPOOL

T DURHAM

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Ernest Place

f you want a taste of the student life, 2017 style then Ernest Place, being built by specialist developer Collegiate, is a typical example. Ernest Place is due to open in September this year and will offer students who can afford to live within it “luxury living” including rooms that would put many four-star hotels to shame. Student renters within the development also get access to an extraordinary level of service including a private gym, a concierge service, private dining area for parties, club lounge, private cinema, glass-walled sky lounge, sauna, bike storage and a laundry room. Prices vary considerably depending on what level of luxury students want to enjoy while beavering away at their BAs, MAs or PHDs starting at £5,500 a year for a 44-week tenancy to £12,240 for luxe accommodation and a 51-week tenancy. Find out more from www.collegiate-ac.com.

he city of Liverpool has always been one of the major centres of higher education in the UK and includes three major universities and three small ones which between them have over 72,000 students. All of them are focusing on attracting more full-fee overseas students to Liverpool and it’s working. An additional 10,000 are expected to arrive this academic year compared to the previous one, students who in total spend £1.45 billion a year in the city on accommodation, food and travel. And a significant and growing proportion of the city’s property market is all about students – recent research by ExperienceInvest revealed that 60% of all tenants looking to move to Liverpool each year are students, and that there has been a 37% surge in demand for student accommodation within the city during 2017. “We are therefore forecasting a change in demand dynamics as older, out-dated student housing stock loses market share to providers of higher quality homes with a greater focus on investment in social and study amenities,” says a recent report on Liverpool by consultant Merrion Strategy. “Our forecast is substantiated by the popularity among overseas students of higher quality private accommodation from various providers.” But like many cities in the UK, there is a considerable gap in Liverpool between the accommodation provided by the universities for students, and the demand. According to Merrion, that gap is 21,900 bed spaces and that, therefore, there is a significant opportunity for investors. “Our conclusion is that there remains considerable scope for further development in the Liverpool market.” the report also says.

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r * fo t te ’ un uo ow co Q Sh dis ai 0 ub ,00 ‘D 20 £

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INVEST IN GREAT BRITISH HERITAGE • Luxurious 2 bedroom apartments and penthouses, finished to the highest specification and overlooking the historic River Avon • An iconic building within the City of Bath, a UNESCO World Heritage Site and home of the world-famous Roman Baths • Ideally located to take advantage of the world class education on offer at The University of Bath and Bath Spa University • Just 1h 30mins from London by train**

2 bedroom apartments from

£575,000 Over 50% of these sought-after apartments have already been reserved. Don’t miss out. Enquire today!

www.bathriverside.co.uk

01225 979023

£20,000 discount on selected plots reserved at Royal View before 10th September that leads to legal completion on or before 31st October 2017. ** Travel times taken from National Rail and Google Maps. Digital illustration is indicative only. Pricing correct on 25.08.17.

*

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UK PROPERTY | LENDLEASE

CANAL-SIDE LIVING Lendlease returns to Manchester with Potato Wharf

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by T A M A R V A N D E R H O E K

endlease has launched the final and highly anticipated phase of Potato Wharf, situated in the heart of Manchester’s historic Castlefield district. The collection introduces 191 new one- and twobedroom apartments in an architecturally rich, canalside setting, presenting a rare opportunity to buy in the UK’s second city. Ranked as the best UK city to live in by the Global Liveability Survey, Manchester is growing rapidly with the population of the city centre expected to top 80,000 by 2024, up from 54,000 currently. This year, the city came top for house price growth across the UK’s biggest cities and is one of the ten best performing buy-to-let locations in the country - outranking both London and Birmingham. Potato Wharf is surrounded by the Castlefield conservation area, featuring Victorian infrastructure and Roman ruins alongside characterful warehouse architecture lining the canal ways. Renowned for its appealing village atmosphere in the heart of the city, the

district boasts a host of Manchester’s celebrated museums, galleries and cultural sites. The development itself features distinctive yet complementary exterior architecture, expertly designed to respond to the surrounding landscape. Silver and grey brickwork pays homage to the Victorian industrial heritage of the area while the clever and irregular use of bold colour across the façade adds an individual character to Potato Wharf. The apartments are surrounded by gardens and waterways, many enjoying balconies and stunning views. The interiors of the apartments offer a contemporary design, with a significant sense of space heightened by large, double glazed windows. In the kitchen, brick effect tiles are complemented by worn ash Antico floors, while in the bathrooms, large format tiles have fabric-like qualities, inspired by Manchester’s history of cotton weaving and textiles. Prices start from £193,000 and the collection is expected to complete in the spring/summer 2019. *For more information, or to book an appointment, contact 0161 804 3400 or visit potatowharf.co.uk.

“THE APARTMENTS ARE SURROUNDED BY GARDENS AND WATERWAYS, MANY ENJOYING BALCONIES AND STUNNING VIEWS”

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C L AYGATE , E S H ER , SU R R E Y A N E XC LU S I V E CO LLEC TI O N O F S I XB ED ROO M D ETAC H ED H O M E S S ET I N A PR E STI G I O U S PR I VATE E STATE . EN J OY V I LL AG E LI FE A LL W ITH I N 30 M I N UTE S O F LO N DO N WATER LOO. PRICES FROM £2,495,000

TO BOOK YOUR APPOINTMENT PLEASE CONTACT THEA HEATON ON: 020 7205 2181 OR EMAIL SALES@NEWCOURT.CO.UK

WWW.NEWCOURT.CO.UK

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International RAMATUELLE SAINT-TROPEZ France

€10,950,000 Formally belonging to late pop singer George Michael, this 6000 square meter villa offers a haven of peace close to the Saint-Tropez shore and Pampelonne beaches. The six bedroom home is fully renovated, with living spaces, including a fully-equipped kitchen, dining and reception room, a gym, sound system throughout and a swimming pool with stunning sea views. John Taylor Saint-Tropez, +33 4 94 97 07 30; john-taylor.com

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The

HIGH LIFE There is no place in the world like Monaco

by N I G E L L E W I S

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any rival destinations like to think they can compete with this small but extraordinary 700-year-old port principality. Overlooked by Mont Agel and world famous for its Formula 1 street race during which, over a petrolsoaked weekend every year, the world’s best racing drivers battle it out and the spectators dine out next to the track. Monaco is also a gilded playground and workplace for those who can afford to park their superyachts in its dazzling harbour or burn through the chips in its casinos. But let’s not forget its royal family, whose exploits, marriages and palace dominate this sliver of coastline, which measures less than a mile square but packs a much larger punch that its footprint might suggest. Location is everything. Although a world away from most of France, Monaco is just 20 minutes by car from Nice airport. And while it can’t expand inland for obvious reasons, it is instead expanding seaward. By 2025 it plans to create a new 100,000 sq metre residential and commercial district called Portier Cove including two new marinas with room for at least 20 new berths, an investment that will include money poured into ensuring the development is sensitive to environmental concerns and of

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course climate change. This is part of an ongoing plan that stretches back 150 years that has, until now, reclaimed 40 hectares from the sea. During the 1960s and 1970s, under the watchful eye of Prince Rainier III – known locally as the ‘builder prince’ – the Larvotto district was created in a similar fashion and Portier Cove is, in effect, an extension of this. Construction is likely to proceed a little differently this time; Monaco’s current head of state, Prince Albert II, wants Monaco to achieve carbon neutral status by 2050. He famously drives an electric car around the principality and once led a trip to the North Pole to measure the effects of global warming. Consequently 40% of the new minipeninsula’s energy needs will be met by solar power. And the land is needed. The €2 billion development reflects the principality’s popularity – some 39,000 people live within its borders but, official statistics reveals, 600 people are joining every year. “Monaco needs this extension because we’re cramped on two square kilometers [and] because both high-rise and underground construction are not enough to answer our housing needs,” said Minister of State Michel Roger recently. “They don’t provide enough living space for the new residents who move to Monaco.” Work began last year on the project including the removal of protected marine species including several rare pen shells which have been relocated to nearby natural reserves. Reinforced hollow 26-metre high concrete blocks or ‘caissons’ each weighing 10,000 tons will then be used to create an artificial peninsula on top of which construction will then begin. This is to

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INTERNATIONAL PROPERTY | MONACO

“BY 2025 IT PLANS TO CREATE A NEW 100,000 SQ METER RESIDENTIAL RESIDENTIAL AND COMMERCIAL DISTRICT ”

include promenades, gardens, a new sea front walkway, car parks and public spaces, 60,000 sq metres of luxury flats including at least four apartment blocks, villas and shops, and a small port. The project is being financed privately by the construction companies involved and the architect behind London’s Shard, Renzo Piano, has designed a ‘signature building’ at the entrance to the new marinas. Prices for homes within Portier Cover are a long way off being announced, but are likely to reflect the principality’s existing property market, where large seafront apartments can each €50 million while at the other end of the market studio apartments away from the seafront start at €1 million – making many of them one of the more expensive ways to gain a ringside seat to a Formula 1 race.

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RIVIERA ROOMS WITH A VIEW Luxury property in Europe’s glitzy seaside resorts by N I G E L L E W I S

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f you haven’t watched the current Sky Atlantic series Riviera then you’ll probably have seen the flurry of posters for it plastered all over London. It follows the gilded life of art dealer Georgina Clios played by Julia Stiles, whose life begins to unravel when her rich husband is killed in mysterious circumstances. Panned by some critics despite being written by The Crying Game’s Neil Jordan, Riviera is nevertheless a feast for the eye. It’s set in the heart of the shimmering Cote d’Azur in France, a fitting façade for the dark world of organised crime Georgina finds herself immersed in.

GRASSE, FRANCE €3.9 MILLION

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In the real world, if you ignore the bling and the traffic jams, the French Riviera is an astonishingly beautiful place. In many places, on a bright summer’s day, the land slips coyly into an azure sea. The centrepiece of the TV show is Georgiana’s home, called Villa Carmella. It’s actually Chateau Diter, a recentlybuilt mansion that’s the home to a French businessman who rents it out for filming and upmarket weddings. The property is near the small town of Grasse, in the hills above Cannes and is an extraordinary little micro-market of large villas, most of which have rolling views over the Mediterranean below. “The Riviera is hugely varied in terms of landscape, attitude, cuisine and people. I think some people have pre-conceptions of the Riviera being brash and glitzy when actually this really isn’t the case at all,” says agent Tim Swannie of Home Hunts. “We work with clients from all over the world and from a huge array of backgrounds, from retired couples to celebrities, and even the odd royal, but the majority of our clients are families or couples who are looking for a holiday home in the sunshine with easy access to restaurants and culture. Tim says the market for property in the area where Riviera was filmed has been flat for the past three years, but now prices are starting to rise once more. And while wealthy buyers with a taste for modernist edifices graduates towards Cannes, Antibes and Villefranche-surMer, inland areas such as Grasse and Valbonne, are where those who yearn for a traditional, stone-built property go. A good example of such a home is this 18th century stone bastide with six bedrooms overlooking the coast, around the corner from Chateau Diter.

MARBELLA, SPAIN £6.68 MILLION

“IGNORE THE BLING AND THE TRAFFIC JAMS, THE FRENCH RIVIERA IS AN ASTONISHINGLY BEAUTIFUL PLACE”

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INTERNATIONAL PROPERTY | RIVIERA

PALMA, MALLORCA £2.63 MILLION

L AG O S Po r t uga l

£ 1 .76

MILLION

A six-bedroom villa with two guest cottages in a hectare of grounds with views over Meia Praia, the best beach in Lagos, to the east of the port town. More information from Knight Frank on 020 7861 1109.

MARBELLA Spain

£6.68

LAGOS, PORTUGAL £1.76 MILLION

It’s for sale at €3.9 million with Home Hunts (+33 970 446643) and comes with a terraced garden and a swimming pool below the property. Should you have the deep pockets to buy the property, then you’ll be in starry company. Tim says he’s sold properties locally to both celebrities and the “occasional minor royal” so popping down to the shops for milk should be interesting. But the French Riviera is not for everyone, and there are plenty of competing resorts around Europe that offer similar levels of luxury and sea views. Here are three more luxury properties in the hills of some of Europe’s other glitzier seaside resorts.

MILLION

A four-bedroom hilltop mansion overlooking Marbella in Andalucía, Spain in a peaceful neighbourhood not too far from the fast lane of central Marbella. It comes with a separate snooker room, a beautiful terrace with amazing views over the coast, and a swimming pool. More information from Mark Harvey on (07825 732032).

PA L M A Ma ll o rc a

£2.63

MILLION

An extraordinary mountain-top villa overlooking the heart of road cycling country in Mallorca and its capital, Pollensa – where Bradley Wiggins hangs out and trains. Visit Tolos, a local restaurant =where his bike and signed shirts can be enjoyed over a glass of local wine and seafood. The property has six bedrooms and a panoramic terrace. More information from Engel & Volkers (+34 971 532050).

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THE PORT OF

MONACO

EXCEPTIONAL APARTMENT OVERLOOKING THE PORT OF MONACO

An exceptional and unique apartment overlooking the famous Port of Monaco. This 704m2 apartment with 341m2 of terraces has been thoughtfully redisigned and refurbished to create a magniďŹ cent home with sensational views over central Monaco. This luxury apartment is ideally located for a family wishing to live in Monaco and be close to all that the Principality has to offer. Price on Application.

Real Estate Monte Carlo | 17 Avenue Saint Michel MC 98000 Monaco +377 93 50 60 70 info@realestatemontecarlo.mc | www.realestatemontecarlo.mc

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MONACO PORT: VIEW FROM BALCONY

• 6 DOUBLE BEDROOMS

• LARGE TERRACES WITH SPECTACULAR HARBOUR VIEWS

• LARGE OPEN PLAN RECEPTION WITH DINING AREA

• KITCHEN/BREAKFAST ROOM

• SPACIOUS SECOND RECEPTION

• 4 PARKING SPACES

• 6 EN-SUITE MARBLE BATHROOMS

• 5 CELLARS/STORAGE/WINE CELLARS

• HI-TECH CINEMA ROOM

• SUPERB LOCATION IN MONACO-VILLE

PARTNERS WITH

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Why LANDLORDS

LOVE LISBON Cities in Europe have cracked down on Airbnb, here’s why Lisbon is one of the last remaining capitals to benefit from the home sharing hub by T A M A R V A N D E R H O E K

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ince its inception in 2008, Airbnb has changed the landscape for the rental and short-term lease market turning homeowners into selfsufficient landlords for vacation lodging, apartment rentals and homestays alike. The littleknown website gained fame through celebrity endorsement and its useful model for finding a ‘home away from home’. Airbnb’s success has not come without its shortfalls, due to its nature for bypassing traditional property and hospitality services, several hotspot capitals which on face value offer great buy-to-let incentives including Paris, Berlin, Barcelona, Amsterdam and London have clamped down on Airbnb home rentals. Some have opted for a levy tourist tax on Airbnb landlords while new regulations have also appeared, including restrictions to who can rent through the site to

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limitations on the number of days properties can be let throughout the year. For example, the capital along with seventeen other cities in France have agreed to collect local tourist taxes. In Paris, Airbnb hosts must now register with their local authorities, enforced to make it harder for residents to surpass the 120-day limit. Whereas in London, it has been suggested that the new compliances limiting rentals to 90 days will lose over $400 million in reservations this year according to the Financial Times. However, south of its European counterparts, the correlation between Airbnb and the city of Lisbon is telling a different story as no set rules are in place. With the low cost of living, rich cultural heritage and continued regeneration, Lisbon have elevated its position as a European tourism heavyweight, resulting in a buoyant buy-to-let property market for investors. It’s the combination of flexible investment, immigration policies’ alongside excellent value prime real estate which is causing a significant surge of investment activity from around the globe.

The details are in the data; results show that Airbnb brought €268 million to the Lisbon economy in 2015, acting as the accommodation solution for 433,000 visitors throughout the year. According to data from Airdna, the number of listings on Airbnb rose by 15% between June 2015 to 10547 in May of 2016. Lisbon’s recent surge in popularity through its tourism industry has cultivated an influx of wealth into the city and thus a trend for various property offerings. Both new developments are springing up as well as regeneration of period properties within its historic quarters; you could say the market is as diverse as its vibrant culture, cuisine and nightlife. Reports from Airbnb show that the best performing properties on the platform are located in the historic centre of Lisbon, with the most in-demand hotspot being Chiado, followed by Bairro Alto and Baixa, all known for their cobbled streets, picturesque squares and colourful buildings. The property industry in Lisbon is rapidly developing and involves an active buy-to-let market; real estate is competitively priced with

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values looking to double or even triple in the coming decade. Currently, rented properties can expect annual rental yields of 3-4% for long-term rentals and 4-5% for short-term lets, with both traditional agents offering excellent management services and no restrictions on Airbnb bookings. Non-EU passport holders can benefit from the Golden Visa scheme which after six years provides Portuguese citizenship with applicants only having to spend seven days of the year in the country. For EU nationals another incentive program exists where exemption on tax income from non-Portuguese sources, including pensions, rental income and capital gains up to ten years. Investing in this up-coming corner of the EU is not about making a quick buck but rather for long-term capital appreciation with opportunities and results that today are inconceivable in Paris and London. • To find out more about investing in Lisbon call Athena Advisers +44 (0) 20 7471 4500 (London) or +351 308 802 981 (Lisbon). Or visit athenaadvisers.com

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WINKWORTH SPAIN INTERNATIONALLY KNOWN FOR LOCAL KNOWLEDGE

PUERTO BANUS, MARBELLA

€1,795,000

A superb 3 bedroom duplex penthouse, located frontline beach, in one of the most impressive urbanisations near the famous yachting Marina of Puerto Banus. This top quality property was completely renovated in 2014. The complex offers a large swimming pool, Jacuzzi, steam room, sauna and fitness centre. 3 Bedrooms | 3 Bathrooms | Built 303 m2 | Terrace 115 m2 | Air conditioning | Sea View | 24hr Security | Direct access to beach REF:WW546

LAS DUNAS PARK, ESTEPONA

€1,350,000

A luxurious, frontline beach apartment, located on the New Golden Mile next to the world renowned Las Dunas Health House Luxury Hotel and Spa. This special apartment located in the centre of this outstanding development offers the best views of the pristine communal gardens and the Mediterranean sea. 2 bedrooms | 2 Bathrooms | Built 172 m2, | Terrace 86 m2 | Underfloor heating | Heated Pool | Sea View | Concierge Service REF:WW798

SPAIN | +34 952 880 941 info@winkworth.es

UK | 0208 299 2722

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MARBELLA CLUB GOLF RESORT, BENAHAVIS

€3,450,000

A magnificent villa occupying a commanding position within the highly sought after and renowned Marbella Club Golf Resort. This exceptional villa has been designed and built in an Andalusian/Italian style using only the very best materials and top quality fittings, offering style and elegance twinned with comfort and charm. 6 Bedrooms | 6 Bathrooms | built 912 m2 | Plot 4,085 m2 | Indoor Pool | Wine Cellar | Guest Apartment | Games Room | Spectacular Views REF:WW285

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CITY REBORN New York-based ‘starchitect’ Daniel Libeskind returns to his native Poland to transform the capital’s skyline by T A M A R V A N D E R H O E K

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rom the 49th floor of Europe’s tallest residential tower, Zlota 44, the views of Warsaw’s city centre are almost unimpeded. This is aside from the formidable presence of a clock face, which sits at the apex of the Palace of Culture and Science - a neoclassical Stalin-commissioned building, which for decades dominated Warsaw’s skyline as an imposing reminder of the former communist era. It is no accident that these two buildings eye one another in an epic architectural face-off between old and new at the epicentre of the capital. Designed by world renowned and Polish-born architect Daniel Libeskind, Zlota 44 represents a new Warsaw. Its curved-facade is not only aesthetically symbolic, but was meticulously designed to follow the arc of the sun’s path and emit maximum daylight to its surroundings, countering the Palace of Culture with beams of light. “I want to tell you that this building was born out of my love for Warsaw, it’s whimsical, shaped by light in order to create something beautiful and illuminous into the free space. I call it the wing of the eagle adjacent to the big palace.” Daniel explains as we sit in the luxurious penthouse suite situated on the same floor. The architect is surrounded by his entourage and Warsaw’s press, it’s the opening day of the Tower and this return marks the completion of Daniel’s first project in his homeland since leaving the country in the fifties. Although Libeskind was born in Lodz to parents who survived the Holocaust, his connection to the city runs close to the location of Zlota. “Even though I grew up in Lodz, not far from Warsaw, every big, bi-monthly trip was spent visiting my mother’s cousin and I have a photo of my sister and me in front of the huge palace

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which dominated the city. My mother was born just a couple blocks from here, and I lived in Poland under the communist regime. When I came back, I had the chance to see Warsaw in a new way.” Daniel and his family left Poland and emigrated to the United states via Israel in the late fifties. The Libeskinds settled in a middleincome development in northwest Bronx, where Daniel studied and watched the original World Trade Centre being built in the 1960’s. Since then, Libeskind has gone on to design a global portfolio of buildings ranging from museums and cultural projects through to affordable and luxury housing. Some of his most notable works include the redevelopment

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For an informed insight into the London property market visit W W W. A B S O LU T E LY P R O P E RT Y. LO N D O N

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of New York’s World Trade Centre and Berlin’s Jewish Museum. Libeskind’s work often involves regeneration aligned with cultural history. In the case of Zlota 44 a third tangent is incorporated, personal memory. “For me this building means bringing life to Warsaw, in the country that brought me life what more of a fantastic project could you dream of? To create not just a tower, but an example of high living at the centre of the city, right next to the oppressive Stalin palace.” The 54-floor tower follows deconstructive architectural design, a distinctive style often seen in Libeskind’s work. Consequently, this design has resulted in no two of its 287 luxury apartments being the same. Exposed brickwork and concrete panelling provides glimpses into the tower’s framework, while the curved external shape allows for alternative views from floor-tofloor. “The building is sculptural, where every level is different, customised for individuality.” says Daniel. Zlota’s irregularity does not compromise on the luxury it will offer its residents. The one, two and three bedroom apartments are interior designed by studio Woods Bagot and fitted to the highest specifications, finished with elegent materials including stained oak, American

“IN A SHORT SPACE OF TIME THE BUILDING HAS BECOME MEMORABLE AND THAT IS A PART OF ARCHITECTURE”

walnut and black marble tops. Occupying the eighth floor of the building is the largest private residential facility in Europe, with world-class sports and recreation amentities, a spa, and a 25-metre indoor swimming pool. There are also conference rooms, entertainment spaces, a golf simulator, cinema room and wine storage, which residents can use at their disposal. “This is a place for people to live, for people to enjoy the beauty of the city and enjoy life - that’s what this building is about.” Although it is apparent that memory interlinked with transformation is a constant in both Libeskind’s design principalities and life story, Zlota 44 is a testiment to Libeskind’s love for the city of Warsaw and the people living in it. “I’m staying in the hotel next door where on the room key card you have a picture of this building. In a short space of time the building has become memorable - and that is part of architecture, to create something which is memorable in the city that communicates to it, that’s something which is important here.”

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• I N T E R N AT I O N A L •

L I V I NG T H E

DREAM The most luxuriously appointed properties on the market by T A M A R V A N D E R H O E K

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SEAFRONT MANSION elounda, crete

£3,465,220

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his magnificent spacious villa benefits from wonderful sea and mountain views. A footpath with direct access to the private sandy beach is at your disposal. The mansion comprises a living room with dining area, leading to a large terrace facing the sea, a fully equipped kitchen, five bedrooms, each with an en-suite bathroom and an access to the pool area or terrace. The relaxing spacious outdoor area is ideal for sunbathing by the large swimming pool from which a spectacular panoramic view can be enjoyed. SAVILLS Greece, +30 2106996311 savills.com

GOLFSIDE VILLAS Casares , Spain

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£ 3 ,1 9 2 , 6 6 5

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n a plot of 32,000 square meters, in one of the most exclusive areas in Casares, this complex comprises of 16 superbly designed properties on frontline golf. Just 1.500m from the beach and within easy access, by motorway, to the international airports of Málaga and Gibraltar. They are built on individual plots and have spectacular views of the sea from a private garden and pool. The bespoke offerings allow you to decide exactly what you want in regards to the architecture layout, accents, landscaping. WINKWORTH

Spain, +34 952 880 941; winkworth.es

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GRACE ST.

PARC DU CAP,

P R I C E S F R O M £ 61 3 , 5 8 5

P R I C E S F R O M € 5 9 9,9 5 0

Moritz Switzerland

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mountain resort of St. Moritz is a year round destination and continues to be one of the most exclusive places to live and spend time, with a very limited supply of properties available to buy by non-Swiss nationals and ideally located in the beautiful Swiss Alps overlooking the lakes of the Engadin valley. Apartments range from luxury studios to a four-bedroom mezzanine apartment. There is also a two bedroom penthouse with a spacious roof terrace. KNIGHT FRANK International, +44 (0) 20 7861 1109; knightfrank.com

C a p d ’A n t i b e s South of France

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arc du Cap is a luxury development in the exclusive and highly desirable area of Cap d’Antibes, in the South of France. The development comprises 88 apartments, ranging from one bedroom apartments to four bedroom penthouses. The elegant homes have private terraces, some of which have sea views, whilst the penthouses have a private swimming pool on their rooftop, and offer panoramic views. SAVILLS International, +44 (0) 20 7016 381; savills.co.uk.co.uk

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A World of Sophisticated Beauty Armani Hotel Dubai brings to life the “Stay with Armani� philosophy delivering a genuine home approach and a unique lifestyle experience where every need and desire is fulfilled for each guest individually. www.armanihoteldubai.com

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SOTOGRANDE Costa , Sotogrande , Spain

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his superb mansion offers 16 double bedrooms, most of them en-suite. A large lounge/drawing room with a superb dining area for 20 guests, a huge covered terrace open to the modern designed garden and pool. The large fully fitted kitchen enjoys an ample breakfast zone and an additional storage area. The mansion includes furthermore a great Cinema room, a game room. SOTHEBY’S INTERNATIONAL REALTY Sotogrande, +34 956 79 04 90 sothebysrealty.co.uk

LUXURY PROPERTIES Casares , Spain

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his brand new, off plan, exclusive development of luxurious apartments, penthouses and townhouses, is set in a well-known and prestigious private estate close to Casares. The perfect combination of proximity to the beach, privacy, exclusivity and tranquility of a marvellous natural setting, with the mountains behind, the golf in front, and panoramic views. The Townhouses have either 3 or 4 bedrooms and the accommodation will be split over two floors. WINKWORTH Spain, +34 952 880 941; winkworth.es

THE WHITE ANGEL Ibiza , Spain

P R I C E S F R O M £ 2 , 5 0 7,72 5

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collection of 15 beautifully designed villas on the west of the Balearic Island of Ibiza, The White Angel Cala Comte continues the approach of combining design, comfort and discreet luxury. Each villa will consist of five bedrooms, open plan kitchen-dining rooms and offers stunning sea views from their individual roof terraces. SAVILLS International, +44 (0) 20 7016 3740; savills.com

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Residents’ roof terrace

Palace View Palace View offers truly awe inspiring views. Residents will benefit from a spectacular outlook over the River Thames and London’s iconic Houses of Parliament, as well as being situated opposite the magnificent Lambeth Palace. Prices from £810,000 – Ready to move in December 2017 – 55 beautifully appointed apartments – Stunning roof terrace – Private residents’ gym – Secure underground parking*

– 24 hour residents’ concierge – Residents’ cinema room – Landscaped courtyard garden – Moments from Westminster – Managed by Harrods Estates

To view the show apartment please contact us on 020 3675 1388

www.palaceview.co.uk CGI is indicative only and information is correct at time of going to print. *Plot specific.

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Profile for Zest Media London

Absolutely London & Uk Property Global - Dubai 2017  

Absolutely London & Uk Property Global - Dubai 2017