Dec 21, 2012
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By Romesh Navaratnarajah:

London is ripe for investments, especially as the government recently announced a £50 million (S$99.2 million) infusion into a new visionary development for media and technology firms.

The initiative aims to revive the well-known Old Street roundabout to become Europe’s largest indoor civic space targeting start-ups and entrepreneurs in East London. The Tech City has already attracted commitments from major corporations including Microsoft, KPMG and IBM.

Consequently, demand for future residential developments is expected to rise. The influx of young professionals will create demand for luxury residential accommodation.

This is evident in Canaletto (pictured), a new 30-storey tower development that has been well-received prior to its official launch in the UK.

Designed by Dutch firm UNStudio, Canaletto is poised to become a new landmark in London with its unique design of a multi-faceted façade and organic shapes.

Canaletto comprises 190 apartments ranging from studios to a large penthouse. In addition, it offers great views, a restaurant, health club, residents’ club on the 24th floor, swimming pool and private cinema.

The project is being marketed by Jones Lang LaSalle and Knight Frank, with prices starting at £390,000 (S$773,776).

 

Romesh Navaratnarajah, Senior Editor of PropertyGuru, wrote this story. To contact him about this or other stories email romesh@propertyguru.com.sg

 

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