Knight Frank report classes City Fringe as prime central London
Since 2001, house prices across the City Fringe have risen by 92%
21 storey luxury tower, One Commercial Street, will boast some of the best views in the capital
Brick Lane, Shoreditch High Street and Hoxton Square only a short walk away
The City Fringe is the latest London district to exceed the threshold of prime central London, the area has seen dramatic growth in employment, average house prices and quality of amenities making it one of the most desirable addresses in London. Since 2001, house prices across the City Fringe have risen by 92% according to a report released in 2012 by Knight Frank (1).
One Commercial Street, Redrow London’s 21 storey luxury development is ideally located on the City Fringe, the exquisite collection of bespoke, luxurious apartments and penthouses are set to offer some of the best views across the capital. Upon completion, the development will comprise 137 apartments on floors 12-21, including studios, one, two and three bedroom apartments and penthouses.
A study carried out by Knight Frank highlighted four main factors that make an area prime residential: top-end housing stock, iconic architecture, central location with good transport links and finally, excellent retail and leisure facilities.
Just a short walk from the Square Mile and set amongst the iconic architecture of London’s financial district, One Commercial Street offers residents a second to none shopping experience. The combination of the magnificent 18th-century Royal Exchange and Victorian Leadenhall Market, to the modern architecture of One New Change, the City offers residents a varied and diverse shopping experience. Upon completion the ground floor will be made up of commercial space for retail and restaurant use, providing convenience on resident’s doorsteps.
Mary Timlin, Sales and Marketing Director, Redrow London comments: “It is no surprise that prices and demand for high quality new homes in this part of London are far exceeding supply, with such a diverse array of amenities, great transport links and iconic architecture this area is not only a vibrant place to live and work, but also a prime long-term investment hotspot.”
“Located just moments from the City of London, the City Fringe offers residents a growing community, brilliant business links and is in walking distance of iconic destinations such as Brick Lane, Spitalfields Market and Hoxton Square.”
A 12 minute walk down Commercial Street, a road steeped in history and past the newly rejuvenated Spitalfields Market, is Shoreditch High Street, an area renowned of its bohemian art, retro music stores and trendy bars. Within easy reach are the delights of Brick Lane, chic, stylish and fashionable shops, restaurants and galleries line the road providing something for everyone. On Sundays the streets are dotted with people selling their second-hand wares and street performers creating a vibrant, lively atmosphere.
Situated between the twelfth and twenty-first floor, a selection of high quality apartments are available at One Commercial Street, comprising of The Tower Apartments, The City Collection and The Penthouses, all of which are best placed to enjoy the breathtaking views of some of London’s most iconic landmarks. The development also offers a bespoke entrance lobby with the ambience of a stylish hotel reception area and features a 24-hour concierge.
Whilst many destinations in the financial district are only a short walk away, One Commercial Street boasts excellent transport links, including direct access to Aldgate East Underground Station. The recent completion of the East London line and the forthcoming Crossrail station at Whitechapel will allow residents to get across town to Baker Street in just 12 minutes.
A range of sizes are available at One Commercial Street, from 379 - 382 sq ft studios to 2,320 - 2,836 sq ft penthouses. Two bedroom apartments start from £710,000. Visit www.onecommercialstreet.com or call DTZ on 020 3302 3115 for further information.
(1) Knight Frank - Residential research Prime London Expand. City of London and City Fringe join Prime Central London 2011/2012
Established more than 40 years, Redrow Homes is one of the UK’s leading house builders, operating across England and Wales, with a strong emphasis on high quality family housing in prime locations. Its Heritage Collection of family homes combines traditional looking, ‘Arts & Crafts’ influenced exteriors with bright, modern, high specification interiors. The company has won numerous awards over the years, including, most recently, the Gold Award for Best Large Housebuilder at the WhatHouse? Awards 2014, the 2014 Building Awards Housebuilder of the Year and five consecutive 5* awards in the Home Builder Federation (HBF) annual customer satisfaction survey. Redrow also collected the award for best marketing initiative at the 2014 Housebuilder Awards and its ‘My Redrow’ online tool won the overall Customer Engagement category at the 2013 Peer Awards for Excellence. Web: www.redrow.co.uk.