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Run on property sees London firm sell flats worth £140 million in 4 hours
London’s property market is hotly contested, but people queuing around the block for 36 hours to snag a new home is unusual.
Galliard Homes’ Maine Tower – part of the Harbour Central development transforming a former industrial site in London’s Canary Wharf into a vertical village – has sold out in record time, despite construction having not yet started.
Prices ranged from £370,000 (€, $) for a studio flat up to £1.25 million (€, $) for a three bedroom apartment; with Crossrail due to open in 2018, prices are expected to surge.
Buyers who managed to get one of the 230 available studio, one, two or three bedroom flats can expect to move into their new homes in a few years, with the project set to be completed in early 2019.
The Maine Tower is part of Canary Wharf’s new ‘vertical village’.
Designed by international architects Rolfe Judd, the 41-story tower will provide a total of 297 apartments – for the launch, Galliard Homes held back premier and penthouse residences.
Half the buyers, from first time buyers to investors, were UK-based with the remaining 50% including buyers from Greece, Italy, India and the Middle East.
The most eager person started queuing 36 hours before the launch, held in a luxurious marketing suite adjacent to the development site; when the launch event officially started, more than 100 people were standing in line.
The post Run on property sees London firm sell flats worth £140 million in 4 hours appeared first on Gay Star News.
Stefanie Gerdes
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