Lexington Gardens: Luxury apartments in London's new international quarter
The second phase of The Residence at Nine Elms is adding 262 exclusive residences to prime Zone 1 Central London
The £15 billion regeneration of Nine Elms and Battersea has been one of the most successful in Central London. Home of the new Apple Headquarters and US Embassy, Nine Elms has already earned a reputation as a thriving business and cultural district in the heart of the British capital. New residential developments are also offering would-be London residents and overseas property buyers the chance to invest in prime Zone 1 London real estate at cheaper prices than surrounding neighborhoods.
By the time the regeneration is scheduled to complete in 2025, it's expected to have added 20,000 new homes, 3.2 million square feet of office space and 6.5 million square feet of shops, restaurants and cafes to the area. A new 30-acre park, riverside walks and public amenities will serve this growing community on the South Bank of the Thames, along with two new Underground stations connecting the district to the city and international airports.
Demand is already high for well-connected property in Central London, but house prices are expected to grow at a faster rate over the next few years as this new district becomes better established. Jones Lang LaSalle (JLL) forecasts 7 percent price growth and 7.5 percent rental growth for 2020, up from 3 percent in 2019. The premier residential development of this new district is The Residence at Nine Elms by Bellway, a collection of three distinctive apartment buildings set in landscaped grounds that's now in its second phase, with select units available for overseas investors.
New global quarter
The US Embassy and prestigious multinationals selecting Nine Elms as their new base in the UK has shone a spotlight on this emerging commercial district, expected to contribute £7.9 billion to the economy and create 25,000 new jobs. The restored Battersea Power Station is now one of the country's top tech hubs as more forward-thinking companies follow Apple's lead, as well as a popular destination for shopping and leisure in the capital at Circus West.
In addition to its own retail, dining and cultural offerings, Nine Elms is surrounded by some of London's most exquisite shopping districts on both sides of the river, including world-famous department stores Harrods and Harvey Nicholls in Knightsbridge and the boutiques of Sloane Street and the King's Road. Michelin-starred restaurants such as The Ivy Chelsea Garden and the theaters and galleries of the cultured South Bank are also close by for the best of metropolitan living.
London's business districts, universities and airports are easily accessible from two new stations extending the Underground's Northern Line. The Residence at Nine Elms is just three minutes' walk from the new Nine Elms station, which will reach the City financial center in 11 minutes once services begin in 2021. London's three major airports – London City, Heathrow and Gatwick – are all within 50 minutes' travel from nearby Battersea station for convenient international travel.
The high life
The new Linear Park along the South Bank flows through The Residence at Nine Elms, connecting the residential development to London's new lifestyle district. Rising 12 stories, Lexington Gardens is the second phase of the project, a collection of 262 luxury apartments that's scheduled to complete from 2020–21.
RMA Architects took their design cues for the architecture and interiors of Lexington Gardens from the best of New York. All homes include fitted kitchens, underfloor heating and a choice of color palettes. Residents can also access a suite of exclusive amenities including a private gym, media lounge and rooftop gardens, with a 24-hour concierge ready to take care of any requests.