Throughout 2018 our joint venture projects in London have continued to progress, with the residential schemes, where construction is complete, continuing to sell remaining apartments and the commercial and mixed use schemes continuing to successfully move through the phases of planning, demolition and ground works.
Our project on the South Bank, named Bankside Yards, next to the Tate Modern Gallery continues to take shape. The site, split into two parts each side on the railway line, is being phased. During 2018 site assembly was completed with the purchase of the railway arches linking the two sites. On the Western side the Ludgate House demolition was completed during 2018 and early in 2019, the ground works contractor was appointed and has commenced. On the Eastern side on the site refinement of the planning consents continue and demolition of the old Sampson building commenced in early 2019. This 1.4 million square feet redevelopment project will include an institutional grade office building, high quality residential apartments, extensive leisure facilities and potentially other complimentary uses.
For Paddington Square, with the demolition of the old Royal Mail sorting office buildings been completed, our retail and high tech prestige office project continues with final preparations to commence ground works. The entire development will deliver 360,000 square feet of premium quality office accommodation over 14 floors with a rooftop restaurant overlooking their newly created piazza opening onto 70,000 square feet of retail and leisure, which will be seamlessly integrated into the mainline railway, Crossrail and tube network of London.
Sales at our exclusive Holland Park Villas development situated overlooking the tranquil setting of Holland Park in Kensington, have continued throughout 2018. This luxury gated development of 68 apartments and 4 penthouses offers residents five star facilities which include a business suite and indoor swimming pool.
Burlington Gate, the luxury apartment development located in the hub of the fashion and arts district in Mayfair, has also continued to market and sell its remaining units. The 42 apartments, designed by Rogers Stirk Harbour + Partners, are state of the art and offer residents first class amenities.
As part of the Group’s geographically diversified portfolio, The Met condominium in Bangkok, Thailand has won a multitude of design awards through the years.
The Property Division’s residential developments in Singapore include Tomlinson Heights, Robertson Blue, Cuscaden Residences, Scotts 28, Nassim Jade, Four Seasons Park, and also together with joint venture partners, The Interlace and the d’Leedon condominiums. On the local commercial front, the Group owns prime commercial and retail property such as Concorde Shopping Mall and Forum The Shopping Mall. Forum The Shopping Mall caters to a myriad of shopping, dining and lifestyle experiences with established brands and high fashion boutiques such as CK Calvin Klein, Bao Bao Issey Miyake and popular dining destination, Jamie’s Italian.