To date 44% of the entire scheme has been pre-sold representing over £300 million of sales across the development, reports developer CAPCO.
Phase 1 launched in 2014 and is predominantly sold, representing over £250 million of sales. The average price per square foot for Phase 1 is circa £1,500 with the range of pricing achieved at £1,200 – £2,800 per square foot including a penthouse
sold for £6.3 million in January this year. Construction of Phase 1 is underway and progressing positively with first completions on track for delivery later in the year.
In Phase 2, 70 units have been released for sale and 41 have been reserved or exchanged, representing 59 per cent of the first release (four reserved since the result of the EU referendum). Whilst the level of enquiries has been strong since the
beginning of the year, the rate of sales has been slow with the uncertainty in the weeks leading up to the EU referendum impacting buyers’ decision-making. Sales prices achieved in Phase 2 have remained positive with prices 4 per cent higher than
comparable units in Phase 1.
Source: Capital & Counties Properties Plc Interim Results for the six months ended 30 June 2016