As CBRE Reports London’s Penthouse Stock Reaches £1billion

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Premium views, high ceilings and large terraces; central London’s penthouse market has reached a staggering value of more than £1billion according to global real estate agents CBRE, thanks to the demands of increasingly affluent British and international real estate investors.

Research also confirmed that new-build penthouses located in central London developments accounted for up to a fifth of the gross development value (GDV) – in some cases achieving more than £4,000 per square foot.

On launching their first in-depth study on London’s penthouse apartments, Mark Collins, CBRE Head of Residential commented: “Penthouses of the quality on sale in London now cement our capital’s new status as a home-from-home for the super-rich as well as providing an invaluable store for their wealth.

“With the burgeoning volume of billionaires in the world and the increasingly international appeal of prime London real estate we anticipate that the penthouse market will continue to be a very exciting and elusive space going forward.”

A recent example is the launch of St George Central London’s Isis Penthouse Apartment at its Fulham Reach development, a luxury destination situated on a prime riverside location directly adjacent to the world famous Harrods depositary.

Designed by architect John Thompson and interior designer Jestico & Whiles the Isis Apartment boasts 5,266 sq ft of lateral living space and panoramic river views towards the City beyond.

The elegant penthouse apartment has been carefully designed to harmonise perfectly with the surroundings and the unique history of the local area. Fitted to the highest specification, with a bespoke Sun Terrace which includes a Jacuzzi, private gym and Pavillion Spa – the exterior effortlessly flows into the contemporary interior living quarters.

Residents of the Isis Penthouse Apartment can also enjoy a private wine cellar and entertainment kitchen complete with bar area as well as a bespoke double garage. Additionally, purchasers at Fulham Reach can enjoy exclusive use of 24 hour concierge, exclusive private health & fitness centre, 15 metre swimming pool, sauna, steam room, treatment room, , snooker room, shops, bars and restaurants.

The Isis Penthouse Apartment could be yours for £8.95m, for further information visit www.fulhamreach.co.uk or call 0207 870 9500