Singapore Buyers Dominate Sales In London Mixed-use Project With Coworking Space

UNITED KINGDOM – Australia-based Real estate developer Third.i revealed that about half of the pre-sales of the Phase I of its Graphite Square mixed-use project in London went to Singaporean buyers, reported The Edge on Wednesday afternoon (16 February, SGT).

The developer’s Head of business development for Asia and the UK, Julian Sedgwick, said the development saw robust demand from Singapore buyers.

Situated on a 279,000 sq ft land plot at Vauxhall Wal, the project has an overall development value of approximately £200 million (S$270.8 million). It will consist of three residential blocks containing 160 units and a 4-storey coworking space spanning more than 80,000 sq ft.

The mixed-use development represents Third.i’s 2nd project in the United Kingdom after it built an apartment building in Battersea that the property developer launched in 2018.

“We’ve been looking for exciting opportunities in London for some time, and Graphite Square is the perfect embodiment of our belief in creating better places to live, work and play,” said Third.i Founder Luke Berry.

“We instantly fell in love with the architecture and placemaking of the project, seeing it having an ageless appeal that will become a legacy project, one we all can be proud of.”

Aside from that, Berry disclosed that Graphite Square has piqued the interest of local buyers in the UK, as well as overseas property investors before marketing has even started.

“We have had great feedback and are excited to bring the grand launch of Graphite Square to the market at the end of February,” added Sedgwick.

Notably, Third.i is launching Graphite Square at the Four Seasons Hotel in the Crescent Ballroom in Singapore on 26-27 February 2022.