Malaysia, 21 November 2016 - Lodha UK announces it has exchanged on over 50 per cent of apartments within the first phase of its new London development, Lincoln Square, reflecting an average capital value in excess of £2,100 per square foot. Lodha UK will be holding an exhibition at The Westin Hotel in Kuala Lumpur on 26th and 27th November following significant sales to Asian buyers in London.
Lincoln Square is situated opposite the historic Royal Courts of Justice and Lincoln’s Inn Fields with the cultural hub of Covent Garden to the west and the financial district of the Square Mile to the east. The development is located in an area where new homes are a rarity and in turn offers a unique opportunity to live in a district associated with the UK’s prestigious legal profession.
Charlie Walsh, Director Sales at Lodha UK, comments:
“Malaysia is an important market for us and we are excited to be launching Lincoln Square in the region. We have already received strong interest and sales from Asian buyers who have recently visited London and want a home for their children while they are studying or for themselves while they are doing business in the capital.”
The development is located adjacent to the London School of Economics and a short walk from King’s College London. Knight Frank’s 2016 Wealth Report stated that 80 per cent of advisers to ultra-high net worth individuals expect increased demand for international education among their clients over the next decade. Last year, £1.1 billion was invested in prime central London by buyers motivated by education, according to Knight Frank. Lodha UK is creating homes for those wanting a residence close to Blue Chip companies, law chambers and the Royal Courts of Justice, along with those studying who want to remain in London to live and work after university.
Lisa Hollands, Managing Director, CBRE Residential, comments:
“Lincoln Square represents one of the very best investment opportunities in London. The new development, which has been built to the very highest quality, offers world class accommodation that has been likened to 5* hotel living, as well as an intricately designed private courtyard. Situated just five minutes’ walk away from Covent Garden’s array of Michelin star restaurants, internationally renowned theatres and designer boutiques, Lincoln Square is also ideally located within close proximity of some of the finest and most established higher education institutions in the world.”
Dominic Heaton-Watson, International Project Marketing, Knight Frank Malaysia, comments:
“We are delighted to offer such a prime investment opportunity in Malaysia – one that will really appeal to purchasers seeking exceptional living space in one of London’s finest neighbourhoods.
Lincoln Square occupies an enviable island site surrounded by world heritage, first-class education and excellent transport connectivity providing residents ideal access to the best the city has to offer. We therefore expect to see strong demand from purchasers seeking the exclusivity of such a development combined with this level of convenience”.
Lincoln Square comprises ten storeys and two basement levels designed by PLP Architecture. The development will offer residences from studios to four-bed apartments and two penthouses with interiors designed by Bowler James Brindley to reflect an elegant, warm and contemporary design.
Patricia Urquiola, known for her work on luxurious hotels around the world including Il Sereno on Lake Como and the Mandarin Oriental in Barcelona, is curating the residents’ amenities. This is Patricia Urquiola’s first project in London and includes a stunning 25 metre swimming pool and spa complete with separate vitality pool and treatment rooms alongside a gymnasium. Additionally, a private club, library, cinema room, private dining room for up to 36 people, as well as snooker and games rooms offer spaces for residents to socialise and host guests.
Gustafson Porter, known for the Diana, Princess of Wales Memorial in Hyde Park has designed the private courtyard, providing an area of tranquillity and green space at the centre of the striking scheme.
Prices from GBP950,000 / MYR5,200,000