Mansion Global
Laurel Ives

Soon-to-Open Crossrail Line Could Be Boon to London Real Estate

Crossrail is a massive pull, said Daniel Ritterband, director of communications for Almacantar. It’s 28 minutes from Heathrow door to door. It’s four minutes from Mayfair, six minutes from the City.  That infrastructure lights the torch paper if you like and inspires developers and others to move in.

Elizabeth Line Crossrail Centre Point

“Crossrail is a massive pull,” said Daniel Ritterband, director of communications for Almacantar. “It’s 28 minutes from Heathrow door to door. It’s four minutes from Mayfair, six minutes from the City.  That infrastructure lights the torch paper if you like and inspires developers and others to move in.”

“Facebook, Warner Bros, LinkedIn and Twitter have taken office space within three minutes walk from our building, so a new tech hub is forming around us,” he continued.

Half of the buyers at Centre Point so far have been British, many of them returning from Asia where they’d been used to living in fully serviced apartments, Mr. Ritterband said, as this fully serviced building with a concierge, pool and gym is rare in central London. The buyers are younger than expected, “one tech guy was just 18,” Ritterband said. The other half have come from around the world with Indian, Thai, Canadian and American buyers.

Photo credit: Crossrail
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