MTD Group has closed its marketing suite for One Crown Place at the end of September to focus to completing the scheme to schedule.
One Crown Place will re-launch to market in mid-2020.
Purchasers have continued to commit to the scheme over the past 6 months, with take-up in residential sales hitting 60% and recent sales averaging £9m a month.
MTD Group Chief Financial Officer, Tee Kim Siew commented: “We are proud to see our vision for this landmark scheme come to life over the past year. One Crown Place offers the highest standards in residential with leading British design and quality craftsmanship and will create a new lifestyle destination on the edge of the iconic City of London. We are confident One Crown Place’s enviable location and exceptional design will be further realised when it returns to the domestic and international market, with new sales assets, next year.”
Henry Robinson, Senior Director, Central London Development at CBRE, added: “Together with MTD Group we have made the strategic decision to pause residential sales until we are able to host purchasers inside One Crown Place for the first time. We are thrilled by the progress of the scheme to date and the fact we have exceeded our sales targets is testament to the continued demand from international and domestic buyers for prime London property. Looking ahead to next year, we foresee an uptake in overall market growth and a spotlight on Hackney as house prices are expected to increase 7% over the next five years. We are confident One Crown Place will make its mark as a vibrant, premium destination for residents in the City."
Currently under construction, One Crown Place’s northernmost building will ‘top-out’ in Autumn 2019, followed by the southernmost building in early 2020. The scheme is due to complete in Q1 2021.
11/10/2019 14:12 by Buildington
A new pop up display for One Crown Place has opened on Queen Road West in Hong Kong. Open until the 19th of May 2019.
Contact CBRE for details cbreresidential.com/hk.
09/05/2019 19:41 by Buildington
AlloyMtd Group has announced the appointment of Mace to deliver the redevelopment of One Crown Place.
Following a successful pre-construction phase, Mace was chosen for its experience in building high quality and complex developments. The main contract was signed today, a major achievement for the project in today’s challenging market. Construction is due to commence on the site in April 2018.
The unique feature of One Crown Place is its combination of modern, cutting-edge architecture housing a mix of modern offices with spectacular apartments on the upper floors. In contrast, the last remaining complete row of Georgian houses in the area fronts the scheme. Measuring 22,000 sq ft of net area, they are to be sensitively restored to their former condition and will house a clubhouse for the residents, together with a boutique hotel – which will be operated by Bespoke Hotels – which includes a destination restaurant.
The One Crown Place development, designed by architects Kohn Pedersen Fox (KPF), is expected to be completed in Q4 2020. KPF’s previous works include Heron Tower in London; Hudson Yards in New York; Northeast Asia Trade Tower in Incheon, South Korea; the Hong Kong International Commerce Centre; and Shanghai World Financial Centre.
Once completed, One Crown Place will house two residential towers located above a podium office space to meet the requirements of modern day occupiers who want to live and work in the same area. The residential accommodation will provide a total of 246 private apartments.
The office space is to be housed in two buildings: a new podium building and the refurbished 54 Wilson Street building, providing 120,000 sq ft and 20,000 sq ft of net floor area respectively. Retail space is to be distributed across the ground floor of all of the buildings. Global property firm CBRE was appointed by AlloyMtd Group in 2015 to act as development manager, to sell the site’s 246 private apartments and lease 140,000 sq ft of commercial space.
Construction is set to be completed by the end of 2020.
AlloyMtd Group Chief Executive Officer, Tee Kim Siew, commented: “We are very pleased to have appointed Mace to deliver this iconic mixed-use development in Central London. This is a major milestone for the project and for AlloyMtd Group and demonstrates our commitment to delivering a world-class, vibrant destination located in one of the capital’s most exciting areas.
“We look forward to working alongside Mace to realise our vision for this landmark scheme and see them forge ahead with construction for the new office podium and residential buildings, following the completion of the groundworks and hotel stabilisation.
“The development offers the highest standards in both residential and retail with top British design, creating a new live-work hub right on the edge of the City of London that is not just Monday-Friday, nine-to-five.”
Gareth Lewis, Mace’s Chief Operating Officer for Construction, added: “After working on the pre-construction phase of One Crown Place we’re very pleased to have Mace’s role confirmed on the construction of the project. We thank AlloyMtd Group for the faith and trust they are placing in us to deliver such a fantastic scheme on their behalf.
“The project’s unique design will make for a complex construction delivery; particularly the engineering behind the three-storey steel truss that supports the two towers. We look forward to working closely with AlloyMtd Group and our supply chain partners to overcome those challenges and deliver a project which will leave a lasting legacy for London.”
12/03/2018 12:21 by Buildington
Launch of the South Tower at One Crown Place 1st March 2018!
Contact CBRE for more information.
22/02/2018 20:47 by Buildington
Final Phase 1 Release at One Crown 19th October 2017!
Discover your City from London's best appointed doorstep!
Via Homes & Property homesandproperty.co.uk 27.09.2017.
28/09/2017 12:10 by Buildington
One Crown Place - See the City in a new light!
Marketing suite now open.
One, two and three bed apartments from £775,000.
Only 3 minutes' walk from Liverpool St.
Via advert in Homes & Property homesandproperty.co.uk 28.06.2017.
30/06/2017 08:33 by Buildington
One Crown Place residences are launching today!
08/02/2017 17:06 by Buildington
One Crown Place is launching 8th February 2016!
27/12/2016 16:46 by Buildington
One Crown Place mixed-use development in London EC2 - new on Buildington!
15/12/2016 09:12 by Buildington