The old Harrods Depository on the River Thames and owned by the famed Harrods department store is being transformed into 250 luxury apartments, townhouse and penthouse suites. This unique redevelopment, called Harrods Village, goes on sale in Hong Kong this week and should be of interest to local investors, according to the developer, Berkeley Homes. Jeff Parton, managing director of Berkeley Homes, said the project would combine a 'real heritage period piece with with the best of what West End living had to offer'. Harrods Village is located on a four hectare site in Barnes, close to major transportation arteries and is a short commute to the City. Barnes is an established neighbourhood best known for its quaint shops and pubs and relaxed lifestyle. Harrods Village is also located a stone's throw from another ambitious Berkeley Homes' development called Barnes Waterside. This development includes 321 quality homes, penthouses and apartments on 13.6 hectares overlooking the largest metropolitan wild fowl reserve - almost 40 hectares - in the world. When Berkeley Homes brought that project to Hong Kong, Mr Parton said, 'they were stunned' by the success of the sale of luxury homes. 'We thought there would be little demand,' he said. 'But looking back we realise we could have sold more.' Mr Parton believes Hong Kong investors will take an equal shine to the Harrods Village project. The redevelopment, which is expected to take two years to complete, will combine the refurbished depository with new medium-rise buildings and penthouses. Old brick was being restored and repaired on the old depository while the outside of the new building would be given a matching heritage look, he said. The development itself is shaped like a quadrangle with various amenities such as a swimming pool and recreational facilities in the centre. The redevelopment also includes underground parking. While Berkeley Homes did not reveal the cost of redeveloping the site, it said it paid Harrods GBP30 million ($378 million) for the site. The sale comprises one and two-bedroom apartments measuring between 600 square feet to just over 1,000 sq ft. These will sell for between GBP200,000 to GBP400,000, according to the local marketing agent Colliers Jardine. The three and four-bedroom villas measure between 1,500 sq ft and 1,900 sq ft and are priced from GBP400,000 to GBP650,000. According to Mr Parton, developments such as Harrods Village make an excellent investment. London people were looking to buy brand new homes and were prepared to commute to the City, he said.