The Residence has sold very well to date, reports Bellway in its latest trading update.
The anticipated overall average selling price of the 514 apartments at The Residence is around £670,500. There have been 214 completions in the year (2018 – 132), at an average selling price of £820,467 (2018 – £705,567), representing 5.5% of housing revenue (2018 – 3.2%).
The site is now close to conclusion, with only 31 apartments remaining to complete in the new financial year.
Via Bellway Trading Update October 2019 bellway.co.uk
16/10/2019 12:43 by Buildington
Matt’s Gallery has signed a 25-year lease in the new buildings at The Residence on Ponton Road.
In addition to a double-height gallery space, the complex will provide two galleries, two artists’ studios, gallery shop and a project and events space. The building will also contain a publicly accessible archive dating back to the 1960s.
Cllr Ravi Govindia, Leader of Wandsworth Council commented: "We are delighted to welcome Matt's Gallery as a key cultural asset for Nine Elms and look forward to a rich programme of high-quality art exhibitions and installations. This is an exciting new addition to Nine Elms' growing reputation as a cultural destination.
"Importantly, this news also means that local communities are a step closer to enjoying arts and educational activities right on their doorstep as well as benefiting from the opportunities that arts and culture can bring."
Director and Founder of Matt's Gallery, Robin Klassnik OBE added: "We're excited about moving to Nine Elms. We are keen to get started and hope that Wandsworth locals embrace the gallery as their own. It is truly encouraging to see Wandsworth Council and Bellway delivering challenging and radical contemporary art to Nine Elms."
Emma Hamlett, Sales Director for Bellway London, commented: "The Residence is more than a development of new apartments, it is now also home to a fantastic collection of art for enthusiasts across Nine Elms to enjoy for years to come.
"We're delighted to house Matt's Gallery at The Residence, which really sets this development apart as something special."
Currently located in Bermondsey, registered charity Matt's Gallery is now preparing to fit out the new Ponton Road complex ahead of a public opening in spring 2020.
Arts Council England is providing a £200,000 capital grant to assist the gallery to move to their permanent home. Matt's Gallery is fundraising to reach a total of £1.15m to fully fit out the building.
16/04/2019 21:14 by Buildington
Over 60% of the homes at The Residence sold in just 6 months!
1-bedrooms from £615,000.
2-bedrooms from £752,000.
Sales centre open daily. Find out more at bellway.co.uk.
Via Homesandproperty.co.uk 4.10.2017.
11/10/2017 06:32 by Buildington
Prices at The Residence currently start from £790,000. See more at bellway.co.uk.
08/08/2017 04:58 by Buildington
New photos of The Residence development in Nine Elms!
12/07/2017 12:08 by Buildington
The Residence - Nine Elms' Hottest Address!
1 bedroom apartments from £615,000. 2 bedroom apartments from £752,000. 3 bedroom apartments from £1,015,000. 3 bedroom penthouses from £POA.
Via advert in Homes & Property homesandproperty.co.uk 31.05.2017
01/06/2017 10:53 by Buildington
The Residence is now 50% sold on phase 1.
15/05/2017 06:37 by Buildington
New brochure for The Residence is now available to download on the developer's website! The link is in the details above.
03/03/2017 12:08 by Buildington
The Residence is launching today 2nd March 2017!
Prices start from £599,995 for 1-bedroom apartments. 2-beds from £699,995. 3-beds from £999,995. 3-bed penthouses from £POA.
02/03/2017 08:45 by Buildington
The Residence is launching at 4pm on Thursday 2 March 2017!
22/02/2017 11:51 by Buildington
The Residence is launching in March 2017!
04/02/2017 11:38 by Buildington
The Residence development by Bellway is launching in February 2017!
28/12/2016 13:59 by Buildington