To date contracts have been exchanged to sell 129 apartments, including the first penthouse, for an aggregate amount of £220.2 million, reflecting an average capital value of £1,869 per sq ft and with a price range from £1,548 per sq ft to £2,624 per sq ft.
The 129 apartments sold to date equate to 82.8% of the total private residential by area and 78.1% by value.
In addition, there is a further unit under offer with a value of £2.95 million or £2,387 per sq ft, leaving only twelve apartments remaining, eight of which are penthouse units, with a total quoting price of £61.6 million.
Great Portland Estates launched the pre-sales marketing programme of the 142 private residential units at Rathbone Square on the commencement of the development in July 2014, first in the UK and then overseas, to owner occupiers and private investors.
Source: Great Portland Estates plc, Half Year Results 2014, 13. November 2014