The last apartments for sale at the GBP3billion King’s Cross regeneration project are being launched this week. This is 12 years since the first residential block was sold. The prices for private apartments start at GBP650,000 for studios. There will also be one-, two-, and three bedroom apartments and townhouses. It is expected to be completed in 2024. Robert Evans, joint managing partner at Argent and head the scheme, stated that the launch was a “significant milestone in the history” of King’s Cross. Once a synonym for urban squalor, it was once a byword for urban squalor. It was “the last chance to be part of this extraordinary neighborhood.” “READ MOREInternational Women’s day: Renting and buying in London are less affordable for women than for men. Mortgage affordability tests: What does the Bank of England’s new proposals mean for first-time buyers and homeowners? Capella’s facilities include a roof terrace with views of King’s Cross, a residents’ lounge, open plan and private work areas, a cinema room, snooker room, and rented dining room. The development was designed by Allies Morrison with interiors by Farringdon-based Johnson Naylor. Mr Evans stated that the King’s Cross will have approximately 6,000 residents once all homes are built and sold. There will also be 30,000 people working and 5,000 students there. The number of potential buyers for property in the city is 67% higher than the average over the last five years. “Kings Cross remains one of the most successful regeneration projects in the last decade. As the final residential chapter, Capella brings an extraordinary and unparalleled period for regeneration to a close. The area has been transformed into one the most sought-after residential areas in London. We expect Capella to follow the lead of Cadence’s hugely successful 2020 launch.
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