Dubai, September 22nd, 2014: Chestertons, the international property agency established in 1805, unveiled ‘London Dock’, a series of luxury mixed-use developments by St. George in Dubai for UAE investors. Chestertons unveiled the project during Cityscape Global at their stand (7D30). From inspiring riverside apartments to elegant penthouses, the property portfolio features a range of stylish residences in some of London’s most desirable addresses, that includes a new phase at ‘Fulham Reach’, ‘Beaufort Park’ in addition to ‘London Dock’. Prices for these properties will range from US$540,000 to US$13,000,000. “The attractive location of London combines business with pleasure, within a safe and tolerant multi-cultural environment, with transparent legal systems, whilst offering a good choice of both lifestyle and investment properties. The strong presence of international buyers means that its performance exceeds that of the UK economy with annual price growth predicted at 36.4% over the next 5 years in London. The city stands out as a truly global capital as it remains a completely different market from any other region in the UK in terms of scale, pricing and future growth prospects. London remains a key destination for the global property investor,” said Samuel Warren, Director of International Residential Developments, Chestertons. London Dock once formed the cornerstone of Britain’s commercial waterfront system, importing a wealth of luxury commodities from around the world, such as wool, silk, tea, coffee and fine wine. “London Dock is attracting unprecedented interest with its unique design and exceptional landscaping. The area will be opened in London to the public for the first time in centuries, creating a thriving new community with new homes, shops and leisure facilities. Located on the site of the former News International headquarters, the development will transform Wapping and surrounding neighbourhoods,” said Faisal Khokhar, Head of MENA Sales at Chestertons. The dramatic rejuvenation of the London Dock site, once synonymous with Britain’s vast naval trade and part of the original London Docks which operated until 1969, will include stunning new buildings set in six acres of landscaped public open space, including two new public squares and a unique 375-metre promenade. The buildings will create a distinct new residential quarter boasting views towards the City, Tower Bridge, St Katharine Docks, Canary Wharf and the River Thames. London is attracting a major share of the property market due to its stable political system, economic development, fair and transparent legal system. Surrounded by manicured landscaped gardens, quiet courtyards and tree-lined vistas; ‘Fulham Reach’ enjoys a scenic riverside location with its own waterfront promenade. Positioned on the north bank of the River Thames, with views towards the famous Harrods Furniture Depository and Hammersmith Bridge, this exclusive new riverfront destination integrates perfectly with its surroundings. On the other hand, ‘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. “We are delighted to showcase some of the finest properties in London from the developer St. George at Cityscape Global. This is the right time to buy a property in London and we strongly believe that London Dock along with Fulham Reach and Beaufort Park is set to provide the UAE investors with attractive returns on their investments. Over the last few quarters we have seen a growing level of interest from Middle Eastern investors towards London based property. We brought these prestigious projects to Cityscape Global due to the overwhelming investor interest that we have already received both locally and internationally,” added Samuel. “With properties on offer that provide both the best in London lifestyle as well as sound investment opportunities we know that we will have something to offer all of our clients from the region. The continued benefits of strong and sustained capital growth and an undiminished rental demand, makes London a sound investment destination,” concluded Samuel.
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