204 of 237 flats in Phase 1 were reserved or exchanged in the five weeks since launch in March.
Demand has been strong in the five weeks since launch. 204 of the 213 units initially released are reserved or exchanged totalling over £200 million of sales, with pricing on individual units achieving up to £1,885 per square foot.
The initial launch was focused on standard units, with premium units to be released shortly. Overall, the average sales price for phase 1 is expected to be between £1,400 - £1,500 per square foot.
Construction of phase 1 is on track to start in summer this year and a £130 million debt facility (Capco share 50 per cent) to fund these costs is expected to be signed shortly.
Source: Capital & Counties Properties PLC Interim Management Statement for the period 01 January to 02 May 2014 www.capitalandcounties.com