Skip Ribbon Commands
Skip to main content

News Release

HONG KONG

Shoreditch is now a core London market, with residential  prices expected to rise by 29.4% over the next five years


Hong Kong, 25 March 2015- As a result of rising office rents and residential values, increasing demand and a growing prime development pipeline, Shoreditch should now be classified as a core London market, according to research from JLL.

The area once known as 'City Fringe' has transformed to become an established part of the London commercial and residential market, with Shoreditch, Clerkenwell and Aldgate identified as core locations.

Hackney - which contains Shoreditch - has seen the strongest residential price rises of any London Borough over the past three years, with prices now 48.7% above the same point in 2011.  Furthermore, JLL Research predicts that values in City Fringe' locations, including Shoreditch, will rise by 17.4% over the next three years and 29.4% over the next five years.

Driven by increased demand, high spec office and residential schemes are being developed across the area, including The Atlas Building in Shoreditch, which is due to launch in Hong Kong in April.

The Atlas Building is a landmark mixed-use development consisting of a striking 40-storey residential tower and a 10-storey office building, as well as a new public piazza and retail space.

Designed by award-winning MAKE Architects, the 152-metre building located moments from Old Street roundabout will be the tallest in the Tech City cluster. 

Due for completion at the end of 2018, the residential tower is a collection of 302 highly specified apartments, including studios, one, two and three bedroom apartments and penthouses.

The building contains an extensive range of lifestyle amenities for residents, including a gym, spa and ground floor swimming pool, cinema room, 24 hour concierge and security and private residents lounge.

Directly fronting City Road, The Atlas Building is in a convenient and buzzing Zone 1 location and in prime position to access the diverse areas of Shoreditch, Islington, Farringdon and the City.

The project is being developed by Rocket Investments, a private property development and investment company with a strong track record of delivering successful mixed-use schemes, with a particular focus around Old Street and City Road.

Tom Appleton, Founder and Chairman of Rocket Investments, said: "We are excited to be launching The Atlas Building, as it is a bold development that responds to the spirit of innovation and growth in Tech City.  Having worked on a number of significant projects in the Old Street area, Rocket Investments has seen the transformation from City Fringe to a core London market at first hand. Tech City embodies the eastward drift of London's economy and, with the upward trajectory of demand and values expected to continue, The Atlas Building offers a unique chance to be part of one of London's most vibrant and opportunistic areas, whether from a corporate, investment or lifestyle perspective."

For further information and to register interest in The Atlas Building see

www.theatlasbuidling.com

 

Hong Kong Exhibition 

The exhibition will be from April 24th 2015 (Fri) – April 26th 2015 (Sun) at Tian & Di Room, 7/F, Landmark Mandarin Oriental, 15 Queen's Road Central, The Landmark, Central, Hong Kong


     For more information about the project, please contact:

     Mandy Wong, mandy.wong@ap.jll.com, (852) 2846 5782

 

Notes to editors


About The Atlas Building

Designed by award-winning international architectural practice MAKE Architects, The Atlas Building is a landmark mixed-use development consisting of a striking 40-storey residential tower, a 10-storey office building, as well as a new public piazza and retail space.  Due for completion at the end of 2018, the residential tower is a collection of 302 highly specified apartments, including studios, one, two and three bedroom apartments and penthouses.    Rising 152 metres above City Road and moments from Old Street, The Atlas Building will be the tallest in Tech City.  The project, which is replacing a 1980s office building, is being developed for its client by Rocket Investments.

www.theatlasbuilding.com

 

About Rocket Investments

Established in 2004 by Tom Appleton, Rocket Investments is a private property development and investment management company with a focus on delivering high-quality, mixed-use developments in central London for a variety of client portfolios, including hotels, retail, commercial, residential and student housing projects. The Company has a strong track record of delivering successful mixed-use schemes in London for clients, with a particular focus around Old Street and City Road.

www.rocket-investments.com

 

                                                             – ends –

new3107_LIVING CAM4MOD.jpg