UOL completes first integrated development in London

SINGAPORE (EDGEPROP) - UOL Group has completed One Bishopsgate Plaza, an integrated development located in London’s financial district.

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The 43-storey project comprises Pan Pacific London, The Sky Residences, and Devonshire Row, a heritage building that has been refurbished to offer two storeys of offices and retail shops on the ground floor.

The 237-key Pan Pacific London, which opened on Sept 1, is the first Pan Pacific hotel in the UK. Meanwhile, The Sky Residences comprises 160 luxury apartments located on levels 21 to 41 of the building.

One Bishopsgate Plaza is located adjacent to Liverpool Street station on Crossrail’s Elizabeth line. This provides quick access to the West End, Canary Wharf, Eurostar high-speed rail, London City Airport and Heathrow Airport.

The development’s consultants include Stanhope and PLP Architecture.

Liam Wee Sin, UOL Group’s chief executive, notes that the project overcame challenges caused by Brexit and Covid-19. “The successful completion of One Bishopsgate Plaza, the opening of Pan Pacific London and the encouraging sales of residential units are a testament to the dedication and hard work of the entire team," he says.

He also highlights that One Bishopsgate Plaza will anchor UOL’s investments in London, which include two other commercial buildings in London’s midtown area.

The luxury Pan Pacific London offers five levels of amenities including a large meeting and events space along with a double-height ballroom, the first dedicated ballroom within London’s Square Mile that can host banquets for up to 370 guests.

Choe Peng Sum, CEO of Pan Pacific Hotels Group, says Pan Pacific London, curated by interior design firm Yabu Pushelberg, blends elements of an English manor with Southeast Asian flair.

“The opening of the hotel will benefit from regional and domestic travel following the reopening of borders to allow safe travel,” Choe says.

Apartments at The Sky Residences range from 580 sq ft for a one-bedroom unit to 1,632 sq ft for a three-bedroom. The apartments offer stunning views of some of London’s most iconic landmarks including the River Thames, The Gherkin and St Paul’s Cathedral.

To date, about 27% or 43 units have been sold to both UK residents and overseas buyers at an average price of above GBP2,000 ($3,717) psf. Besides having access to The Sky Residences’ amenities such as a bar, library and private club room, residents will also have access to Pan Pacific London’s range of amenities including a gym, sauna and steam rooms, swimming pool, business suite and room service.