Buyers from Malaysia contributed to a record-breaking London city residential property launch.
Galliard Homes has sold more 80 premium apartments as part of the Phase 1 sales at The Stage in Shoreditch. The Stage is the £750 million transformation of the 2.3 acre site of William Shakespeare’s Curtain Theatre into a new mixed use destination for London.
The developer has achieved values approaching £1,600 per sq ft, with the sold apartments priced from £696,000 to more than £1 million. Some 95% of the sales were to U.K. domestic buyers, with the overseas sales dominated by purchasers from Asia and the United States, including Thais and Singaporeans.
David Galman, Sales Director at Galliard Homes said: “The uptake for the Phase 1 sales release has been good. The Stage is a unique development, rich in history and character. The scheme is in a good location on the doorstep of the City of London and we are selling a high quality product.”
The 37-storey residential tower at The Stage will provide 412 luxurious studio, one-, two- and three-bedroom apartments and four-bedroom duplex penthouses, ranging from 416 sq ft to 2,434 sq ft in size.
Completion is scheduled for Q1 2019 and prices start from £695,000.
Image: The ‘stampede’ at the sales launch for The Stage.
