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Spotlight on London devt

PropertyGuru

By Andrew Batt:London property investment opportunities will again be in the spotlight this weekend when Land Securities, Europe's largest commercial property developer, holds the Singapore launch of its Kings Gate project (pictured).Located in the prime district of Victoria in central London, Kings Gate will be home to 100 exquisite trophy residences built within a 14-storey block in the East Building in Kings Gate. Prices will start from £710,000 (S$1.38 million) for studio units and rise to £10 million (S$19.4 million) for the penthouse. The project is due for completion by early 2015.

Kings Gate will play an integral role in redefining Victoria's architectural landscape and future regeneration of the area. Victoria has been designated an "Opportunity Area" in the London Mayor's plan and planning policy document, recognising the potential of the area, with its excellent transport links, to accommodate commercial and residential growth.

Land Securities has been driving the rejuvenation of the area under a £2 billion (S$3.9 billion) plan to transform the entire district into the next "Live, Work and Play" area in central London by 2018. According to Knight Frank, property prices in Victoria are forecasted to grow by about 30 percent over the next four years.

Tom Eshelby, Residential Director of Land Securities London Portfolio, said: "Kings Gate is an iconic development that represents one of the most ambitious projects undertaken by us yet. The development which sits in a rare and highly coveted residential address, SW1, has been designed to set a new benchmark in function and form for luxury home living. Singaporean investors have long been an important market for London's residential development. Potential buyers can be rest assured that their property investment will continue to appreciate in value in the long term."

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The exhibition takes place at the Four Seasons Hotel, 20th floor, between 11am and 7pm on Saturday, January 26 and Sunday, January 27. Andrew Batt, International Group Editor of PropertyGuru, wrote this story. To contact him about this or other stories email andrew@allproperty.com.sg Related Stories: Avoid London for buy-to-let returns

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