Final phase of Triptych Bankside in London released, with launch of East Building, following phenomenal sales success this year

Final phase of Triptych Bankside in London released, with launch of East Building, following phenomenal sales success this year

HONG KONG, 9 November 2022 – Having secured more than £150m worth of residential sales so far this year at Triptych Bankside, JTRE London will further boost its position as London’s fastest selling riverside development with the launch of the East Building, the final phase of the scheme in Hong Kong on Wednesday 17th November.

Located on the South Bank, at the heart of one of London’s most culturally rich districts, the game changing Triptych Bankside mixed-use scheme consists of three distinctive sweeping towers. The £450m development was designed by internationally acclaimed architects Squire & Partners, and features 169 luxury apartments in two blocks, 87,000 sq ft of office space in a third, plus 9,900 sq ft of retail.

Triptych Bankside neighbours landmark buildings such as the world-class art venue Tate Modern, the world-renowned theatre Shakespeare’s Globe and the culinary hotspot at Borough Market, one of the largest and oldest food markets in London. Key transport links are within easy walking distance, including four tube stations plus London Bridge mainline station in under 10 minutes, as well as the Millennium Bridge giving a scenic walking route into the City.

All apartments benefit from spacious balconies, an emphasis on quality of the finishes, generous room sizes, and spectacular views across London’s distinctive panorama including the River Thames, the iconic St. Paul's Cathedral and the City of London financial district.

Nigel Fleming, Sales & Marketing Director of JTRE London, said: “The launch of the East Building is a significant milestone and emphasises the achievements during an incredible year. As the world’s most international and connected financial centre, as well as being a culturally vibrant city offering excellent education facilities, London continues to be an astute place to live and invest. Even more so now with the historic weakness of the pound against the Hong Kong dollar. This is an ideal time to buy into a development which is nearing completion with great appreciation or yield potential.”

As part of its visionary goal to bring unforgettable appeal to the Southbank development, the scheme features multiple private lounges, games room, private 14-seat in-house cinema, 24-hour reception and concierge, and communal landscaped gardens. The aim is a holistic lifestyle offering where experience and wellbeing comes first. Reflecting a growing need for flexible working, a co-workspace will provide multiple plug-and-play workstations and super-fast broadband.

For both residents and external visitors, The Font combines Olympic-standard climbing walls, a fitness gym and an area to eat and relax with a focused on ‘climb, train, connect’. Also, ethical coffee company, 92 Degrees, is opening its first location in southern England and chose Triptych Bankside as the best place to be.

Freya Watson, Director within JLL’s International Development team comments, “Riverside developments are becoming increasing popular amongst prospective buyers and JLL recently reported that a view over the river carries a significant premium with residents paying on average 41% more for riverside properties in SE1 compared to non-riverside properties in the same postcode. Combine this with the weaker Sterling exchange rates continuing to make London an attractive proposition for overseas buyers (providing them with the opportunity to buy properties at a much lower comparative price than those buying in Sterling), there has never been a more opportunistic time for international buyers to invest in a London development, least not one that is positioned in a vibrant neighbourhood and encompasses so much of what buyers want from their homes today.”

Another reason we have had such a successful year is the location, where residents have an abundance of cultural venues on their doorstep, the River Thames is moments away and all within walking distance of The City.  The show apartments give a wonderful sense of what Triptych would be like to live in and we have seen buyers, more suited to areas such as Mayfair and Chelsea realise that the Southbank has so much to offer to their lifestyle.  With completion being only months away overseas buyers can take advantage of the weak pound and with the strength of the London rental market showing no sign of stopping, now is the perfect time to purchase in the last phase of Triptych.”

JTRE London was founded in September 2019 by one of Central Europe’s leading property developers, J&T Real Estate, which is currently celebrating its 25th anniversary. The Slovakia headquartered firm has real estate projects in nine countries having developed and managed some 11 million sq ft of space with a gross development value of over £1.6bn.

Prices at Triptych Bankside start from £995,000 for a one-bed apartment. For further information about Verdica and the exhibition, please contact JLL on Tel: +852 3759 0909 or email: irp.hk@ap.jll.com, or visit our website: https://internationalresidential.jll.com.hk/sale-development/triptych-bankside/london-a0O8W00000EiMbNUAV