Homes at an upmarket London development have sold out ahead of schedule despite the slide in Britain’s property market.
Developer Barratt revealed the huge interest in The Elektron, a three tower apartment property scheme close to Canary Wharf in the Docklands.
Two new homes a week were sold in the scheme between November 2008 and this month, executives said.
Its success could prove there is still demand for high-profile British property, as prices started at £219,995 for a one-bedroomed apartment.
Barratt East London operations director Gary Patrick said: “It was a case of exceptionally high-quality apartments in a superb location, correctly priced for the market conditions.
“This shows that demand for new homes remains high in London.”
The Elektron stands out on the Docklands skyline, reaching to 25 storeys (76m), making it the tallest building ever built by Barratt.
The property has also attracted added interest due to being on the site of a demolished electricity switching station.
Facilities on site include two health and fitness suites, a concierge facility and commercial space.
It also is seen as part of the regeneration of the Leamouth area of the Docklands and features a total of 437 homes.
http://www.barratthomes.co.uk/
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This is good news in this time of recession that a development has sold out. It looks fantastic too, I didnt realise that Barratt built such iconic developments.