New homes in London offered to Asian investors

New home developer, Native Land, is offering its new home build development, NEO Bankside, to investors in Asia, before it is even launched here in the UK.

The new home builder claims that it is the first time property buyers in Asia have been offered first refusal on prime new homes in central London.

Asian investors will be given preferential access to 197 new flats in the new home build development, with the price of a two-bedroom home starting from just under £1 million. Residential unit prices typically range from £1,000-£1,500 per square foot.

Situated adjacent to the Tate Modern gallery on the South Bank of the River Thames, NEO Bankside is a 50-50 joint venture by Native Land and Grosvenor, the Duke of Westminster's privately owned property group. The scheme is Grosvenor's first residential venture in London.

“Asia represents an important and growing market for Native Land,” said Alasdair Nicholls, chief executive of Grosvenor. “Our team has a long history of co-development with Asian investors and developers.

“As such, we feel our latest [new homes] project - with its design, features and location - will capture the interest, needs and demands of discerning Asian buyers.”

The new home build project is scheduled for completion during the tail end of 2012. 
 

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