London’s Priciest Development Unveils Townhouses Asking Up To $75 Million

SourceForbes
SectorReal Estate
CountryMiddle east

The interiors at Three Mulberry Brotherton Lock A $1.3 billion purchase of 13 acres in one of London’s most exclusive neighborhoods has turned out to be a good investment. Chelsea Barracks in Belgravia was already seeing strong sales activity going in to 2020 and the same demand continued this year, despite the Covid pandemic. In the first six months of 2020 more than 90% of the homes available had been sold, all of which are asking prices roughly $7.5 million and up. This is consistent with luxury buying trends seen across the city.

According to data from KnightFrank, the first quarter of 2020 saw at least 30 transaction over £10 million, which surpassed the 18 and 22 sold during the same time frames in 2019 and 2018, respectively. Those sales were largely the condos released as part of Phase 1, but now 13 six-story townhomes are on the market ranging in price from £38 to £50 million (approximately $50 million to $75 million USD). Private courtyard at Three Mulberry Brotherton Lock Twelve years ago the real estate investment firm Qatari Diar, part of the Qatari Investment ...read more...