A mixed-use development in what is set to be one of the largest regeneration schemes in North London will be showcased to Singapore property buyers and investors this weekend.
Jones Lang LaSalle, as joint marketing agent, will be showcasing City North, a stylish residential and commercial space in Finsbury Park, one of London’s most connected places.
The area is set to undergo a large regenerative development creating an inspirational place to live and work. The development,United House City North, is the largest regeneration scheme undertaken in this area of London.
Designed by award-winning architects Benson & Forsyth and implemented by Rolf Judd, the development will feature two striking 21-storey towers with 120,000 sq ft of premium commercial space, multi-screen cinema, state-of-the art fitness centre and shops, gourmet restaurants, bars and cafes.
The design will dramatically change Finsbury Park, creating 308 private residential apartments – from studios to penthouses – with balconies and private terraces, plus resident-only curated spaces. Prices start from £275,000 rising to £630,000, with rental values between £265 and £615 per week producing average annual yields of up to 5.78%.
Doris Tan, Director of International Property Services (Singapore) at Jones Lang LaSalle, said: “We have already pre-sold several units at this landmark project. The location on top of Finsbury Park Station with the commercial aspect at the bottom of the development makes it very convenient for residents. Add to that both Piccadilly and Victoria lines at its doorstep, and you have a great scheme which has everything going for it making it an unbeatable London investment.”
Jeffrey Adams, Group Chief Executive of United House, said: “United House has an outstanding track record for handling complex regeneration sites in inner London and we are delighted to be working with City North Islington to deliver this scheme with them. The combination of private and affordable homes, shops, restaurants and offices will bring new focus to Finsbury Park.”
Tim Wright, Lead Director – Residential Development & Investment at Jones Lang LaSalle, the joint agents for the scheme, said, “Every now and again you see a scheme that will change the way a location works within the prime London market, City North is one such scheme.”
The Singapore property exhibition for City North will take place on September 6 – 8 at the St Regis Hotel, Senator Room.
The project is due to complete from 2016 onwards.
Andrew Batt, International Group Editor of PropertyGuru Group, wrote this story. To contact him about this or other stories email andrew@propertyguru.com.sg
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