Lend Lease, the integrated property and infrastructure group, in partnership with Chestertons, the international property agency, will be unveiling for UAE investors, ‘West Grove’, a part of the AED8.3 billion Elephant and Castle regeneration.
West Grove is the second phase of the Elephant Park residential project and will form an integral part of the 3,000 homes being delivered during this phase. The project is located in the heart of one of London’s most vibrant areas and a suite apartment is priced at AED2.2 million. Chestertons will unveil more details on the project during an exhibition at Jumeirah Emirates Towers on the 7th-9th of May.
“We are bringing West Grove to Dubai, as we expect to see very strong interest in the scheme. This has to be the best investment opportunity in Zone 1 available this year and not only the very affordable pricing, but the great investment opportunity due to the scale of the Elephant Park regeneration,” said Samuel Warren, Global Director of International Residential Developments at Chestertons.
Designed by award-winning architects Allford Hall Monaghan Morris and Panter Hudspith Architects, West Grove comprises 593 suites, one, two and three-bedroom apartments located across eight buildings. The architecture offers a mix of mid-rise mansion buildings and towers that vary from five to 31 storeys, and includes ‘The Highwood’ which is the tallest planned tower for the whole of Elephant Park. Each apartment offers a private terrace or balcony and access to a range of amenities including a 24-hour concierge service, gym facilities, function rooms, and a lobby area which provides a welcoming ‘third space’ to work, socialise and relax.
Elephant Park’s Zone 1 location makes it one of the best-connected places in Central London. In addition to two tube lines (Bakerloo and Northern), it also benefits from proximity to a mainline train station and 28 bus routes. It is a short journey to many London universities, a six minute tube journey to the City, 11 minutes to the West End and 16 minutes to Canary Wharf.
Rob Heasman, Lend Lease’s Project Director for Elephant & Castle, said: “Our vision is to create a vibrant Central London neighbourhood, where people from diverse backgrounds love where they live. Every single element of the design of the homes, the communal facilities and the retail offering aims to deliver that. The launch of West Grove marks another major step in our delivery of one of the most sought-after and sustainable new places to live with the convenience Central London’s Zone 1. With the significant sales success of the previous phase at Elephant Park, we expect buying interest at West Grove to be equally strong.”
West Grove will also include a vibrant new shopping street that runs throughout Elephant Park, where a range of independent shops will sit alongside cafés and bars. Up to 13 independent shops in West Grove will be delivered in addition to a new food store, up to nine high street shops along the Walworth Road and a restaurant facing Walworth Square, a brand new civic square that will be at the heart of the local community.
“The West Grove apartments will act as a benchmark for sustainable living in the UK, with the homes being 30% more energy-efficient than current regulations require and which use 30% less water than the average London home,” concluded Samuel.
Chestertons aims to cater to UAE investors who wish to expand their local or international real estate portfolios, or both, and individuals who simply wish to buy first or second homes in UAE or abroad.