Battersea site in London attracts £681m in home sales
Buyers reserved 95% of units since January: developer
Great interest:Mr Tincknell, with a model of the development project. He says the pace of sales makes Circus West one of the fastest selling developments in London in recent years. - FILE PHOTO
[SYDNEY] London's Battersea Power Station site has attracted buyers who have reserved about 95 per cent of apartments and townhouses worth about £681 million (S$1.3 billion) since January, according to the developer.
Purchasers have signed sales contracts on 824 of the 866 homes in Circus West, the project's first phase, Battersea Power Station Development Company said in an e-mailed statement yesterday.
SP Setia Bhd and Sime Darby Bhd led a Malaysian consortium which bought the site for £400 million in July after its previous owner was put into administration.
London's reputation as a safe haven is attracting increasing investment from overseas buyers, who make up half of the city's new-home purchasers, according to figures from Chicago-based broker Jones Lang LaSalle Inc.