LONDON, UK – Media OutReach Newswire – 26 July 2024 – Ghelamco, a renowned international property developer, proudly announces the official opening of The Arc in Shoreditch, London, to its first residents and commercial tenants. This milestone is marked by a significant influx of Asian buyers, a Tian Tian Market on site, a show home curated by Taiwanese-American interior designer, Dara Huang, and rooftop gardens designed by the creators of Singapore’s Gardens by the Bay – highlighting a quartet of distinguished Asian connections. Notably, over a third of the newly developed homes have been purchased by Asian buyers, marking significant international interest.
Among the nations, Chinese purchasers lead the acquisitions, followed by buyers from Hong Kong, Malaysia, Singapore and Taiwan. To date, The Arc has sold over £35 million worth of apartments to such purchasers. Of these sales, 25% are buy-to-let investors and 75% own users, which includes parents buying homes for their children attending UK universities.
Buyers were drawn by The Arc’s aspirational design, wellness amenities, eco-friendly features and its prime location amid significant area regeneration. The Arc’s Asian connections extend beyond its residential buyers too. Tian Tian Market, an Asian health food supermarket, has secured a 3,678 sq ft (341.
7 sq m) retail space on the ground floor, committing to a fifteen-year lease. Whilst the rooftop gardens, meticulously crafted by Grant Associates – the.