Chestertons, an international property agency established in 1805, will be unveiling a portfolio of luxury mixed-use London developments by St George, a part of the Berkeley Group.
Chestertons will be at the Cityscape exhibition from April 21st to 23rd in Abu Dhabi to address the needs of investors from UAE and the region. As per a 2014 Chestertons research report, the continued benefits of strong and sustained capital growth in London, with projections of close to 45% in the next five years, and an undiminished rental demand; London provides a sound platform for investment.
Chestertons will launch the highly-anticipated Clipper Wharf by St George at the landmark new development, London Dock, London E1 during Cityscape Abu Dhabi. Occupying a prime position at the heart of London Dock, overlooking the spectacular Gauging Square, Clipper Wharf offers a stunning selection of Manhattan, one, two and three bedroom apartments and penthouses.
“Offering UAE investors an opportunity to preview and to acquire some of the finest London developments, Chestertons will present a selection of prime residential London homes on its stand. From inspiring riverside apartments to elegant penthouses, Chestertons features a range of high quality, highly anticipated, and in vogue residences in some of London’s most desirable spots, including Fulham Reach, Chelsea Creek, Beaufort Park, and the recently launched London Dock. Elegantly designed by renowned architects and interior designers, these properties will range from the reasonable price points,” said Samuel Warren, Director of International Residential Developments, Chestertons.
Neil Bowron, Sales & Marketing Director, St George, commented; “We are delighted to present this new phase, Clipper Wharf in Cityscape Abu Dhabi, in response to the success of London Dock to date. Clipper Wharf will occupy a prime position at London Dock, overlooking the centerpiece of the development, Gauging Square, with its range of shops, bars and restaurants. The apartments are exceptionally designed with generous living spaces and high standard interiors, offering the very best of city living at the heart of the capital, adjacent to the Tower Bridge, Tower of London and within easy reach of the City and Canary Wharf. ”
A 2014 Chestertons research report confirms that in addition to the critical shortage of homes in London there is an annual deficit of around 6,000 homes per annum. Since 2000, housing completions in London have been averaging just over 19,500 units per annum, whilst annual household growth is projected to be 25,400 per annum for the coming 30 years. Due to these reasons, London property prices will inevitably come under long upward pressure. Chestertons makes sure that the properties they offer provide the very best and copes up with the demands of the London lifestyle, in line with its promise of return on investments.
“In terms of prospects like scale, pricing, and future growth, London exceeds the market in other regions in the UK. It stands out as a global capital, and the increasing presence and interest of global investors means that the performance of London in the scale is on top of the UK economy, with an annual price growth predicted to be 43.9% over the next years to come. Population in London is continually increasing, so the desire and the demand for properties are also increasing,” commented Faisal Khokhar, Head of Middle East Sales, Chestertons.
“We have witnessed a growing interest from aspiring UAE and GCC investors in the last few years and we expect the numbers to grow this year. We at Chestertons firmly believe that our properties will supply UAE investors with excellent returns on their investments,” added Faisal.
‘Chelsea Creek’, SW6 is London’s most elegant new landmark development, offering luxurious city living only moments from the fashionable shopping destinations of the King’s Road and Knightsbridge, with the world famous Harrods department store. Located in a prime central London residential location, on the north bank of the River Thames and adjacent to Chelsea Harbour and Imperial Wharf, St George has created a new benchmark for luxury living in a stunning dockside location.
‘Beaufort Park’ is North West London’s new exciting destination and an ideal investment choice, offering residents a wide selection of high quality apartments, first class facilities; with swimming pool and gymnasium, shops, bars, restaurants and beautiful landscaped parkland.
‘London Dock’ which is the most anticipated new development by St George, is situated just moments from Tower Bridge, The Tower of London, St Katharine Docks and the City. This exciting new destination will offer a range of exclusive apartments and penthouses, with hotel-style resident’s facilities, beautifully landscaped open spaces, shops, bars, and restaurants.
Chestertons aims to cater to investors who wish to increase their local or/and international real estate portfolios and individuals who simply wish to invest in first or second homes abroad or in the UAE.