Aldgate Place, the latest Barratt London development to make the most of the untapped potential of the Whitechapel area, launched this week
Aldgate Place, a joint venture between Barratt London and British Land, lies at the heart of Aldgate between London's Square Mile and Shoreditch. The development is a mix of one, two and three-bedroom apartments and three and four-bedroom duplexes. On completion, Aldgate Place will provide 463 new homes within three residential towers of 21, 24 and 25 storeys. The development was designed by Allies and Morrison architects.
Regional Sales Director for Barratt London, Gary Patrick, commented: "Aldgate Place will make the most of the vast untapped potential of the Whitechapel area. Its connectivity is unparalleled, and the neighbourhood is unique in how it successfully merges the corporate and creative worlds of modern London. We are receiving considerable interest from owner-occupiers, who wish to live close to their work as well as the local entertainment cores of East London, and from investors that are drawn to the area due to the capital growth Aldgate is expected to achieve. The introduction of the Crossrail in 2018 will no doubt support these investment predictions as well as the area’s ongoing regeneration."
Most apartments will enjoy private balconies or winter gardens, many of which have views over some of London’s most energetic and vibrant neighbourhoods. The development will also include gardens and open space designed by award winning landscape architects Townshend, a gym and a 4-star hotel as well as shops and cafes.
Whitechapel’s growing reputation as an area of fashionable entrepreneurialism is an attraction for potential owners, as is the short walking distance to the City, Liverpool Street and Bank. For leisure, residents will be within easy proximity to the cultural hubs of Shoreditch, Hoxton and Brick Lane.
Once a gateway through London Wall from the City to the East End of London, Aldgate remains a portal to London’s transport system, with the Zone 1 underground stations of Aldgate East and Aldgate, two and five minutes by foot, and Tower Gateway DLR station 11 minutes’ walk away. The Whitechapel Crossrail station, due to open in 2018, will further improve the neighbourhood's connectivity and desirability.
Given its ideal location in one of London’s most dynamic areas, Aldgate Place will appeal to owner-occupiers wanting to secure a city bolthole. Investors will undoubtedly be drawn to the rental security and return on investment that both Whitechapel and the development itself will offer.
Prices started from £630,000 for a one-bedroom apartment at the launch event.