ART-INVEST REAL ESTATE AND DUKELEASE PROPERTIES

UNVEIL NEW RESIDENTIAL DEVELOPMENT IN PRIME CENTRAL LONDON

May 06, 2019

HONG KONG, 7 MAY 2019 – Art-Invest Real Estate and Dukelease Properties today launch its latest residential development, 101 on Cleveland Street. The luxury development, comprising 88 residences will showcase a new proposition for Fitzrovia, one of W1 London’s finest locations in which to live. Click here to download more images.

101 on Cleveland Street follows Dukelease Properties’ local success with previous high-end schemes, such as Beau House, Artisan and Oxford Street, and marks Art-Invest Real Estate’s first venture into the UK property market. The companies will unveil the scheme to four priority centres in Asia – Hong Kong, Shanghai, Beijing and Shenzhen – this month.

Richard Leslie, CEO of Dukelease Properties comments: “We are excited to be bringing 101 on Cleveland Street to Asia at this time. Fitzrovia is now firmly on the map as one of London’s premier and most competitive destinations and we are looking forward to showcasing all it has to offer through our development with Art-Invest Real Estate.”

Both companies believe the Prime Central London market is resilient and that new developments have a firm place in the market. Despite the uncertain economic and political backdrop, JLL’s latest forecasts anticipate prices in 2019 will rise almost immediately by 1% with future growth to 2.5% by 2020.

Mandy Wong, Head of International Residential of JLL comments: “JLL’s latest forecasts assume a Brexit deal will be agreed by October and that a strong upturn in values ensues. We anticipate a boost in confidence to the Prime Central London market once the EU deal is fully approved. In turn, the greater certainty will increase demand from domestic and international buyers, with the latter benefitting from the short-term currency advantage.”

The Scheme

101 on Cleveland Street comprises 88 beautifully designed apartments, each with their own balcony. Spreading across two buildings, a range of one, two and three-bedroom apartments will be delivered in Q4 2021, alongside four premium penthouses with private rooftop terraces.

Residents will have exclusive access to a suite of amenities including a gym, screening room, dining room, lounge and sauna. Landscaped gardens will adorn the podium level of the building and bring to life the exterior architecture.

Location

Fitzrovia is emerging as the new and desirable destination in Prime Central London. Bordered by Oxford Street to the South and Regent’s Park to the North, 101 on Cleveland Street takes prime position in the heart of Fitzrovia and will be the first residential offering of its kind in recent years.

The development sits within easy access to a number of tube stations, just a short walk from Great Portland Street, Goodge Street, Warren Street and Tottenham Court Road to name a few. Tottenham Court Road will also benefit from the highly-anticipated high speed Crossrail service next year where residents will be able to reach the City to the east in five minutes and Heathrow to the west in 28 minutes, enhancing the global connectivity of the area. London King’s Cross St Pancras is within easy access, perfect for international business meetings and weekends away.

University College London and The University of Westminster are within 7 minutes’ walk of the development. Moreover, The London School of Economics is a 15 minutes’ away, joined by King’s College London which is 17 minutes’ away. RADA studios and Sotheby’s Institute of Art are also within walking distance.

Lifestyle

A hub of restaurants and world-class amenities sit on the doorstep of 101 on Cleveland Street. New restaurants, hotels and workspaces are contributing to this corner of London fast becoming a premier destination. Leading restaurants in the area include Michelin starred LIMA London and Pied a Terre, alongside Señor Ceviche, Ottolenghi’s latest opening ROVI, Kyseri and Serge et le Phoque, which join long-time favourite hotels, Charlotte Street Hotel and The Mandrake Hotel.

Moreover, prominent workspaces including the acclaimed Mortimer House and the new women’s only member’s club The Allbright are accompanied by prestigious gyms including F45, FRAME, Psycle and Define London. All of which contribute to the ever-changing face of this exciting destination, as Savills notes: “the expansion in food & beverage provision into Fitzrovia has been a key element in the reshaping of the West End into an increasingly appealing area.”

Commenting on 101 on Cleveland Street’s prime position, Mark Elliott, Head of International Residential, Hong Kong, of Savills states: “The W1 market is robust and has outperformed its neighbouring boroughs in recent months. This, combined with the limited supply of new developments within the borough means Fitzrovia will continue to be one of the most sought-after areas, the perfect London ‘village’.”

Ali Abbas, UK Managing Partner at Art-Invest Real Estate comments, “We are excited to be combining our experienced investment and development capability with Dukelease Properties, to create a unique destination in this one-acre site in Fitzrovia, London, W1.”

Dukelease will host its Hong Kong sales exhibition on the following dates and location:

Hong Kong, 18th & 19th May: Alexandra & Statue Square, Mandarin Oriental, 5 Connaught Road Central, Hong Kong.

Pricing for 101 on Cleveland Street starts at £1.2 million. More information on the scheme can be found at 101oncleveland.com

For sales enquiries, please contact Mandy Wong at JLL on ipr.hk@ap.jll.com +852 3759 0909 or Mark Elliott at Savills on MElliott@savills.com.hk +852 6903 0165.

 

ABOUT ART-INVEST REAL ESTATE

Art-Invest Real Estate is an experienced investor, developer and asset manager operating across key gateway cities in Germany, Austria and the United Kingdom. Established in 2010 and headquartered in Cologne the business operates as a private partnership with the Zech Group and the managing partners as shareholders.

The group invests and manages on behalf of its proprietary capital, regulated institutional funds and select joint venture partners pursuing a "manage to core" investment strategy across the risk spectrum principally in the office, retail, hotel, residential and data centre sectors – Art-Invest Real Estate is one of the largest office developers in Germany.

Since 2012, the company has been licensed to operate as a regulated fund manager in accordance with German investment law (KAGB). During this period Art-Invest Real Estate Funds has successfully launched more than fifteen regulated funds for a variety of institutional investors.

The group has currently more than EUR 6bn AuM with more than EUR 2bn invested equity for a range of institutional investors as longterm partners.

ABOUT DUKELEASE PROPERTIES

Dukelease Properties is a Prime Central London property development company with more than twenty years’ experience delivering exceptional residential and mixed-use projects. At the centre of an unrivalled network of investors, agents and corporate occupiers, Dukelease has earned a reputation for delivering beautifully designed, highly finished and profitable schemes.

With a portfolio approaching £600m in value, Dukelease is committed to building distinctive residential and commercial developments of quality in London’s most sought-after locations including, Mayfair, Soho, Covent Garden, St James’s, Midtown and Fitzrovia. The company’s past and current portfolio comprises more than twenty development projects.

A family owned and run business, Dukelease has a diverse team of in-house specialists across design, planning, development, property marketing, sales and management as well as finance. The company’s projects encompass premium apartments, flagship retail stores, elegant offices, quality restaurants and represent a total of 1.1million sq ft of space, often in mixed use developments.

MEDIA ENQUIRIES

For more information please contact LUCHFORD on dukelease@luchford.com.


About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com

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