20 October 2016By Satish Kanady
DOHA: International property developer Ballymore is showcasing ‘, the tallest building in London City Island, in Doha. The two-day event, started yesterday, at Shangri-La attracted some potetial buyers on the first day.
This stunning development situated just moments from London’s new financial district, Canary Wharf is in its final phase. Designed with a warehouse aesthetic, generous open plan living spaces and loft style features, London City Island’s apartments offer timeless quality with an urban edge, the developers said yesterday.
The development includes 1,600 residential units and 20,000 square metres of office space. The project highlights include English National Ballet’s new rehearsal and performance space, a brand new footbridge bringing Crossrail and DLR transport links to within a short stroll away, fantastic Thames views and a range of cafes, shops, restaurants and cultural facilities.
More than just a place to live, City Island is a bona fide destination. Devised to complement the neighbouring business district with a high-end residential and cultural offering, this unique location is at the vanguard of a new wave of investment that is building on and expanding the great success story of Canary Wharf.
The creation of an exclusive island neighbourhood on one of the best-connected sites in London was once just an ambitious vision. Now, it is a stunning reality. Bridging the business might of neighbouring Canary Wharf and the cultural energy of East London, London City Island is one of the most important waterside projects London has seen in recent years. Taking inspiration from the best elements from metropolitan islands across the world, the project combines bold architecture and pioneering landscape design to create a spectacular landmark in riverside living.
“The prices range from £ 400,000 to £ 830,000. Approx 65 units have now been sold but we still have a healthy choice for any investor. The development will be the new home to the English National Ballet and The London Film School.”, Simon Paterson, Head of International Residential Developments of Chestertons Qatar told The Peninsula.
With the British Pound witnessing a historic fall against the Qatari riyal, interest in UK investments continues to rise for foreign investors. The recent dramatic fall in value of the pound has really caught the eye of many investors.
Some investors are taking a ‘wait and see’ approach to try and assess the long term impact of Brexit and the uncertainty in the UK market but, market dynamics are strong and there is a shortage of housing in the UK market. Home ownership in a number of UK cities is at an all time low with an increasing number of young professionals and couples unable to afford to get onto the property ladder, so residential rental investment properties have a bright future, he said.
© The Peninsula 2016