The first ultra-prime
build to rent scheme in St John’s
Wood has been launched by agents Aston Chase.
Blenheim Terrace offers
three luxurious five bedroom townhouses, each 4,025 sq ft in size, with design
and specification by award winning London-Miami interior designer Natalie Miyar
of Natalia Miyar Atelier.
Aston Chase says that
demand for properties of this type is rising due to interest from Americans
relocating to London.
Ben Sloane, Lettings Director, explains: “There is a sustained appetite
from wealthy overseas tenants for high quality new homes, which they are
choosing to rent for 3-4 year periods.
“Over the last 12 months
we have seen a big spike in American families involved in banking and finance
being relocated to London and we suspect that
this is because American banks, financiers and other corporates are seeking to
enhance their presence in London
in anticipation of a big Post-Brexit USA-UK trade deal.
“We have seen a wave of US companies announcing office openings in London and American firms and expats asking about renting
homes in London.
“As a result of all this
activity, over the next 2-3 years we are likely to see a significant expansion
in the number of luxury build to rent schemes launched in St John’s Wood and
Build to rent, which is
gradually gaining more traction in the UK, is most usually associated with
affordable or co-living housing schemes. Although relatively small, this
development perhaps shows that it offers opportunities at all levels of the
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