The Baltimore Wharf residential development in Canary Wharf has been unveiled, raising the curtain on one of the most dynamic residential developments of the 21st century.
The launch of the development comes as Asian investors’ interest in UK property continues to be strong.
“Not only is it rated as having stronger investment than any other area in London, it also has a growing Asian community. We’ve had particularly strong interest from many Asian families wanting to buy for their student children. Baltimore Wharf’s location means that students are well connected to London’s schools and universities, providing them with a practical living solution during their studies,” said John Mulryan, Managing Director of Ballymore Group.
Neil Batty, partner at global estate agency Knight Frank, said, “Under 60 percent of new-build property sold in central London in the last six months (November 2010 to April 2011) went to Asian buyers, driven by the favourable exchange rate and London’s status as the top destination for international property purchases, with strong capital growth potential and stable, long-term investment appeal.”
“Hong Kong buyers were the largest group (24 percent), followed by Singaporeans (12 percent) and mainland Chinese (10 percent), and then other countries in the Asian region.”
Situated on Canary Wharf, one of the UK’s wealthiest postcodes, Baltimore Wharf offers 473 apartments, including studio suites (396 sq ft) and two-bedroom units (916 sq ft), with prices ranging between £249,000 and £555,000. A selection of two-bedroom duplex premier apartments, which features kitchens by Poggenpohl and water views, are available at around £885,000 to £1.2 million.
Baltimore Wharf also features the Club Baltimore, the largest residential urban gym and leisure facility in London. It comprises a bar, private cinema, interactive gaming room, boxing area, pool tables, steam and sauna rooms, world championship length 25 m pool, hydrotherapy and cardio suites and a solarium.
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