LONDON: Malaysian conglomerate AlloyMtd Group will launch residential sales of One Crown Place, a mixed-use scheme located in Sun Street, London early next month.
The development comprises a total of 246 private apartments, a boutique hotel, 140,000 sq ft of premium office space, retail units totaling 7,000 sq ft, and a historic Georgian terrace that will be fully restored as part of the scheme.
A selection of homes will be available at launch, with prices starting from £725,000 for a one-bedroom apartment. The project is scheduled to be completed in the summer of 2020.
AlloyMtd Group president/CEO Tan Sri Dr Azmil Khalid, said One Crown Place is designed by award-winning international architectural practice Kohn Pedersen Fox Associates (KPF).
“It will be a combination of modern, cutting-edge architecture housing a mix of offices with apartments across several buildings, including two terracotta clad towers, the tallest of which is 33 storeys high.
Amenities include a gymnasium, a private dining room, residential lounge, cinema room, treatment room, studio and a sharing terrace. The development is serviced by transport links within five minutes of both Moorgate and Liverpool Street stations, with the Liverpool Street station being a site for the new central Crossrail route. Spaces for up to 938 bicycles will be provided.
The project has a gross development value of £500 million and marks AlloyMtd’s re-entry into the London real estate market. Between 1996 and 2000, the group had a one-third stake in Spitalfields Development Group, a joint venture that undertook the Spitalfields Market redevelopment through its subsidiary Metacorp Bhd.
Property consultancy group CBRE is acting as development manager and sales broker for the residential and commercial units.
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