Art-Invest real estate and Dukelease properties unveil new residential development in Prime Central London

22 Aug 2019

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    Art-Invest Real Estate and Dukelease Properties today launch its latest residential development, 101 on Cleveland Street. The luxury development, comprising 88 residences will showcase a new proposition for Fitzrovia, one of W1 London’s finest locations in which to live.

     

    101 on Cleveland Street follows Dukelease Properties’ local success with previous high-end schemes, such as Beau House, Artisan and Oxford Street, and marks Art-Invest Real Estate’s first venture into the UK property market.

     

    Richard Leslie, CEO of Dukelease Properties comments: “We are excited to be bringing 101 on Cleveland Street to Asia at this time. Fitzrovia is now firmly on the map as one of London’s premier and most competitive destinations and we are looking forward to showcasing all it has to offer through our development with Art-Invest Real Estate.”

     

    Both companies believe the Prime Central London market is resilient and that new developments have a firm place in the market. Despite the uncertain economic and political backdrop, JLL’s latest forecasts anticipate prices in 2019 will rise almost immediately by 1% with future growth to 2.5% by 2020.

    Mandy Wong, Head of International Residential Property Services of JLL comments: “JLL’s latest forecasts assume a Brexit deal is agreed and that a strong upturn in values ensues. We anticipate a boost in confidence to the Prime Central London market in 2019, once the EU deal is fully approved. In turn, the greater certainty will immediately boost demand from domestic and international buyers, with the latter benefitting from the short-term currency advantage.”

     

    The Scheme

    101 on Cleveland Street comprises 88 beautifully designed apartments, each with their own balcony. Spreading across two buildings, a range of one, two and three-bedroom apartments will be delivered in Q4 2021, alongside four premium penthouses with private rooftop terraces.

     

    Residents will have exclusive access to a suite of amenities including a gym, screening room, dining room, lounge and sauna. Landscaped gardens will adorn the podium level of the building and bring to life the exterior architecture.

     

    Location

    Fitzrovia is emerging as the new and desirable destination in Prime Central London. Bordered by Oxford Street to the South and Regent’s Park to the North, 101 on Cleveland Street takes prime position in the heart of Fitzrovia and will be the first residential offering of its kind in recent years.

     

    The development sits within easy access to a number of tube stations, just a short walk from Great Portland Street, Goodge Street, Warren Street and Tottenham Court Road to name a few. Tottenham Court Road will also benefit from the highly-anticipated high speed Crossrail service next year where residents will be able to reach the City to the east in five minutes and Heathrow to the west in 28 minutes, enhancing the global connectivity of the area. London King’s Cross St Pancras is within easy access, perfect for international business meetings and weekends away.

     

    University College London and The University of Westminster are within 7 minutes’ walk of the development. Moreover, The London School of Economics is a 15 minutes’ away, joined by King’s College London which is 17 minutes’ away. RADA studios and Sotheby’s Institute of Art are also within walking distance.

     

    Lifestyle

    A hub of restaurants and world-class amenities sit on the doorstep of 101 on Cleveland Street. New restaurants, hotels and workspaces are contributing to this corner of London fast becoming a premier destination. Leading restaurants in the area include Michelin starred LIMA London and Pied a Terre, alongside Señor Ceviche, Ottolenghi’s latest opening ROVI, Kyseri and Serge et le Phoque, which join long-time favourite hotels, Charlotte Street Hotel and The Mandrake Hotel.

     

    Moreover, prominent workspaces including the acclaimed Mortimer House and the new women’s only member’s club The Allbright are accompanied by prestigious gyms including F45, FRAME, Psycle and Define London.

     

    Ali Abbas, UK Managing Partner at Art-Invest Real Estate comments, “We are excited to be combining our experienced investment and development capability with Dukelease Properties, to create a unique destination in this one-acre site in Fitzrovia, London, W1.”

     

    Exhibition details:

    30 Aug – 1 Sep 2019 (Fri-Sun)

    11am-7pm

    15/F, The Entertainment Suite, The Landmark Mandarin Oriental, 15 Queen’s Road Central, Hong Kong

     

    For sales enquiries, please contact Mandy Wong at irp.hk@ap.jll.com or +852 3759 0909.

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