Mount Anvil launches final phase of The Silk District development in Whitechapel
Mount Anvil, in a joint venture partnership with L&Q, is launching The Bouchon, the final phase at The Silk District development in Whitechapel.
The Bouchon is the tallest building in the development, rising to 25 floors with views across Canary Wharf and The City. Prices start at GBP445,000.
Located where all paths meet at the centre of the development, The Bouchon houses 198 studio, one and two-bedroom homes. Set within a GBP300 million regeneration area, the development is primed for growth, as it enjoys increasing popularity with the new Queen Mary Bart’s Life Science medical research campus, a new Crossrail station, retail and open space all within a three minute walk. As such, sole sales agents JLL predict growth levels of 25 per cent by 2024.
Jon Hall, Sales Director at Mount Anvil, says: “The Bouchon offers would-be buyers the last chance to buy within our development, The Silk District, which is scheduled for completion in spring 2024. Standing tall, The Bouchon is an outstanding building with spectacular views and is only a short commute of The City, Canary Wharf and Old Street. Since we launched the development it has proved popular with young professionals and students working and studying locally.”
Synonymous with the silk trade, Whitechapel harbours an industrial heritage that dates back centuries to the craftsmanship and creativity of the French Huguenots – the silk weaving artisans who settled in the area during the 17th century. This legacy has been suffused into the new phase’s name and identity, which today assimilates the cutting-edge fashion and style for which East London is renowned, creating a stylish collection of homes built to foster a new community.
Claire Brenlund, London Sales Director at L&Q, says: “Whitechapel is a vibrant community in the heart of the East End, together with Mount Anvil, we have enjoyed bringing forward The Silk District with more residential homes commercial units and public realm – including our shared ownership offering which is launching next year. It is an area that is going places, and we are excited to be part of its history.”
Peter Gibney, Director at JLL, says: “There is currently huge appetite to invest in Whitechapel. The area displays a myriad of reasons to have confidence in the continuing price-growth which consistently out performs the wider market. This area was first identified by JLL’s Crossrail tool as offering the highest price growth potential compared with other Crossrail stations. Together with the emerging creative commercial hub and unparalleled convenience of location for both work and leisure, Whitechapel looks set for demand for residential investment opportunities to continue to outstrip supply. Neighbouring high performing areas like Old Street and Spitalfields have seen staggering returns over the last five years, which demonstrates the best is yet to come. The Bouchon offers a great opportunity for savvy buyers and investors, and it’s the last chance to buy in this up-and-coming development.”