UOL completes integrated development in London with hotel, heritage building

UOLU14 : U14 0% has completed One Bishopsgate Plaza, an integrated development in London that involves the construction of a 43-storey tower and the conservation of the 144-year-old heritage building Devonshire Row.

The project will anchor UOL's investments in London, which include two other commercial buildings in London's midtown area, UOL group chief executive Liam Wee Sin said in a press statement on Wednesday.

Devonshire Row has been refurbished to house two storeys of offices and retail shops. The rest of the project comprises Pan Pacific London - the first Pan Pacific hotel in the UK, as well as The Sky Residences - 160 luxury apartments located on level 21 to 41.

These apartments range from 580 square feet (sq ft) for a one-bedroom unit to 1,632 sq ft for a three-bedroom unit. They offer views of London landmarks such as River Thames, The Gherkin and St Paul's Cathedral, UOL said.

To date, about 27 per cent or 43 The Sky Residences units have been sold to both UK residents and overseas buyers at an average price of above £2,000 (S$3,707) per sq ft.

Meanwhile, Pan Pacific London offers five levels of amenities. These include a meeting and events space, along with a double-height ballroom within which can host banquets for up to 370 guests.

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The development is located in the city of London, adjacent to Liverpool Street station on the Crossrail's Elizabeth line. This provides quick access to the West End, Canary Wharf, Eurostar high-speed rail, London City Airport and Heathrow Airport, UOL said.

"One Bishopsgate Plaza is part of our vision to strategically cement our presence in the UK and open new possibilities within the region in the coming years," Mr Liam said.

Project consultants include UOL's London-based development manager Stanhope, as well as PLP Architecture.