The flats will be ranging from 1800 square feet to 8000 square feet, reports Evening Standard.
Andrew Lax of Lancer Property Asset Management, who looks after the Abu Dhabi properties in London. "The design is not fully finalised. We have yet to appoint selling agents," Lax says.
"But the mood is not to do off-plan sales. We will wait until the flats are completed in early 2014 before putting them on the market."
total development value of £750 million to £800 million. Lax says the net sellable space will be "somewhere north" of the 300,000 square feet: information that makes guessing the prices a bit easier. By dividing one number into the average of the other you reach a perfectly reasonable figure for this rich area of about £2500 per square foot. Unless you are poor, that is - the price tag of an 1800 square feet flat will be in the region of £4.5 million.
Read the full article in Evening Standard: http://www.thisislondon.co.uk/markets/article-23956212-big-deals-are-in-vogue-as-cbre-waits-in-the-wings.do