Spire Luxury Tower Take-Up Surpasses Expectations

Spire Tower
Courtesy of Greenland Group

In just five weeks, Greenland Group sold more than 32% of the residences in its uber-luxe residential development, Spire London. The sales amount to about £260M—and some of the apartments have achieved record prices. The building, which will be the tallest residential tower in Western Europe, is on track to be one of the most successful launches in 2016.

The purchasers are a mix of international and domestic buyers tempted by the building’s "future-proofed" amenities and breathtaking views of the City of London and River Thames.  
 
CBRE senior director Matthew Leitch says the success of Spire London is emblematic of sustained confidence in the London property market, a trend he expects to continue.

Spire London
Courtesy of Greenwood Group

The Docklands is attracting more residents due to the planned Crossrail link that will be just moments away from the development. JLL director Peter Gibney said in a statement that the excellent transport options have helped endear the area to a wider buyer profile, and there has been a shift throughout London toward skyscrapers, with more people appreciating the lifestyle that such tower developments can offer.
 
With five-star lifestyle amenities, including concierge, retailing, residents’ gardens, and the 35th floor "Saffron Club" that will house a swimming pool, full spa and club bar, Spire London is the area’s most luxurious residential offering to date. The tower will provide 861 apartments, 765 of which are for private sale, with remaining units priced from £740k and available through appointed agents CBRE and JLL.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

Penta And Staycity Team Up For £230M Farringdon Aparthotel

Suburban D.C. County Weighs Microhousing As Affordability Salve

Fannie Mae, Freddie Mac Rewrite Underwriting Standards For NYC's Rent Freeze

RealPage Antitrust Case Ends With Nearly $360M In Settlements For Renters

ZOM Living Entity Files For Bankruptcy To Fund Fight To Overturn $323M Judgment

Brookfield And QIA Invest Initial £2.5B In UK Data Centre Project

Golden Apartment Building Sells For $62M To Chicago Company

New Student Housing Towers Lease Up Quickly In University City, But Developers Can't Build More

Nord Group's Lawyer Moves To Quit, Says Entities Can't Pay Him

UK Budget Risks Deterring Sovereign Wealth Funds From Real Estate

Housing Completions Close To 40,000 As LDA Adds Major Site And CEO Departs

Voorhees Greenlights 178-Unit Office-To-Resi Conversion Amid Multifamily Boom