PRIME CENTRAL LONDON PROPERTIES EXPECTED TO GROW IN VALUE AS THAI INVESTORS# INTERESTS SOAR

Real Estate Press Releases Thursday September 5, 2019 15:02
Bangkok--5 Sep--Spark Communications
Savills and CBRE unveils new residential investment opportunity with launch of 101 on Cleveland Street

World's leading property agents Savills and CBRE Thailand announced the launch of Art-Invest Real Estate and Dukelease Properties' latest residential development, 101 on Cleveland Street that will be premiering its sales exhibition in Bangkok on 7-8 September, 2019 at Anatara Hotel, Siam.

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. The companies will introduce the development to two priority centres in Asia – Hong Kong and Bangkok – this month.

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, Savills latest forecasts anticipate prime central London values are still set to grow by more than 12% over the next 5 years.

Robert Collins, CEO of Savills Thailand comments: ""101 on Cleveland is located in Fitzrovia, W1, which for many years has become recognized as the most popular new destination for Thai purchasers seeking a London home. Fitzrovia's proximity to Oxford Street ensures that 101 on Cleveland is directly accessible for the best of everything which London has to offer. In light of the short-term currency advantage we are confident that Thai investors will see this as one of the best opportunities for investment this year".

Pornpimol Pheungkhuankhan, Director - Head of Residential Sales - Ad Hoc, Bangkok l CBRE comments: "Investing in London property is not new and has always been popular among Thai buyers due to the capital's high standard of education, it being a leading tourist destination, its favorable time zone, good public transportation, stable market conditions, the demand being higher than the supply as well as an average property price growth rate of 5-8% per year. The most important factor for Thais to buy property in the UK is to support their children when studying there. This is the right time to buy London property as the pound sterling has been in sharp decline against the Thai baht, dropping by around 9% as compared to the same time last year. It is not surprising that real estate in London is becoming more and more attractive to Thai buyers, not only for their children's use but also for new investors buying to rent them out or those who expect future price appreciation on the resale market".

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.

The sales exhibition on behalf of Dukelease will be held on Saturday 7th and Sunday 8th September at Anantara Hotel, Siam
Pricing for 101 on Cleveland Street starts at GBP1.2 million (THB 44,406,000).
More information on the property can be found at 101oncleveland.com
Savills Thailand

Having operated in Thailand for over 30 years, Savills offers a complete range of advisory services to developers, landlords, tenants as well as property funds and private individuals. Savills is one of the leading firms of international property consultants and real estate agents in the world, with offices throughout Asia, Australia, Europe, North America and Africa.

Headquartered in Abdulrahim Place, the company now employs over 400 staff with a full-service office in Bangkok. Savills Thailand provides a full range of property services to a wide spectrum of clients in Thailand. Through specialist multi-sector advice, Savills Thailand's property management capabilities and transactional services help clients to fulfil their real estate needs – whatever and wherever they are.

The people at Savills Thailand combine entrepreneurial spirit and a deep understanding of specialist property sectors with the highest standards of client care.
ABOUT ART-INVEST REAL ESTATE

Art-Invest Real Estate is an experienced investor, developer and asset manager operating across key gateway cities in Germany, Austria and the United Kingdom. Established in 2010 and headquartered in Cologne the business operates as a private partnership with the Zech Group and the managing partners as shareholders.

The group invests and manages on behalf of its proprietary capital, regulated institutional funds and select joint venture partners pursuing a "manage to core" investment strategy across the risk spectrum principally in the office, retail, hotel, residential and data centre sectors – Art-Invest Real Estate is one of the largest office developers in Germany.

Since 2012, the company has been licensed to operate as a regulated fund manager in accordance with German investment law (KAGB). During this period Art-Invest Real Estate Funds has successfully launched more than fifteen regulated funds for a variety of institutional investors.

The group has currently more than EUR 6bn AuM with more than EUR 2bn invested equity for a range of institutional investors as longterm partners.
ABOUT DUKELEASE PROPERTIES

Dukelease Properties is a Prime Central London property development company with more than twenty years' experience delivering exceptional residential and mixed-use projects. At the centre of an unrivalled network of investors, agents and corporate occupiers, Dukelease has earned a reputation for delivering beautifully designed, highly finished and profitable schemes.

With a portfolio approaching GBP600m in value, Dukelease is committed to building distinctive residential and commercial developments of quality in London's most sought-after locations including, Mayfair, Soho, Covent Garden, St James's, Midtown and Fitzrovia. The company's past and current portfolio comprises more than twenty development projects.

A family owned and run business, Dukelease has a diverse team of in-house specialists across design, planning, development, property marketing, sales and management as well as finance. The company's projects encompass premium apartments, flagship retail stores, elegant offices, quality restaurants and represent a total of 1.1million sq ft of space, often in mixed use developments.


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