British luxury developer Northacre presents The Broadway in Westminster, London
By Timothy Tay
/ EdgeProp |
On August 30, Niccolo Barattieri di san Pietro, CEO of British luxury developer Northacre, outlined plans for The Broadway, a mixed-use development occupying nearly two acres in Westminster, London.
According to di san Pietro, the site was formerly occupied by the New Scotland Yard. The Broadway is a residential, commercial, cultural, and creative mixed use development. Due for completion in 2021, and comprising six towers designed around a 20,000 sq ft public square and pedestrianised plaza, it will include a new thoroughfare for London and will host public art.
Residents will be able to enjoy panoramic views of London landmarks like Big Ben, The Houses of Parliament, Westminster Abby, The London Eye, and several famous parks. The Broadway also has superb transport infrastructure, and the best in luxury retail, entertainment, art, heritage, culture and education on its doorstep, according to di san Pietro.
Niccolo Barattieri di san Pietro, CEO of Northacre
Credit: Northacre
Based on a recent report by Barclays Wealth, Westminster is one of the highest capital growth areas in London with an expected increase of 31.9% in 2021, says di San Pietro. According to di san Pietro, it is a good time to invest in London, as over the last three years, currency movements and price corrections across the wider prime London market have made it about 30% cheaper for a purchaser buying a property in US Dollars, says di san Pietro.
Prices for 1 bedroom units are upwards of £1,959,000, while 2 bedroom units are upwards of £3,080,000.
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