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The Thackeray Estate completes one of the largest bulk sales of high end residential in 2019 – ONE Brompton

Brett Palos and Antony Alberti, owners of the The Thackeray Estate (“Thackeray Estate” or the “Company”), a leading property development and asset management business with a track record of regenerating sites – often rich in heritage – into high-quality mixed-use spaces, is pleased to announce that it has successfully sold the freehold of ONE Brompton; 17 luxury residential apartments and three retail units.

The three-bedroom penthouse, which has been retained by The Thackeray Estate, is on the market for £4.25m and currently under offer. The Thackeray Estate’s sale of these apartments have nearly doubled the total number of residential properties sold in the area this year and is one of the largest bulk sale of high end residential in 2019.

ONE Brompton is a striking corner building that has undergone a comprehensive redevelopment to provide a collection of luxury apartments, some of which have achieved £1,800-£2,000 per square foot. The four upper floors are accessed from a private entrance on Cresswell Gardens and offer 18 bespoke high-end luxury residential apartments benefiting from an on-site concierge and reception area. The apartments provide a well-balanced mix of unit types, including one and two bedroom apartments.

The Thackeray Estates residential brand ONE has a portfolio of more than 100 high end residential units in Chelsea, Putney and the Southbank. One Putney was launched last week, a new art deco inspired development of 15 two- and three-bedroom apartments located in the heart of Putney village, which currently has two flats under offer. The Interiors of ONE are designed by Argent Design, a renowned interior design and interior architecture studio. They are highly respected for creating extraordinary interiors in some of the world’s most prestigious locations.

Charles Thompson, Director, said: “We are delighted to have completed the sale of ONE Brompton, especially in the current market. To put this achievement in perspective, just 18 properties have sold in the area since the beginning of 2019, meaning that the completion of the sale has almost doubled the number of residential properties sold this year alone. Completing the sale in a few short months demonstrates that buyers will always respond to quality, location and convenience.”

“Similar to other areas of prime central London, the area is suffering from a lack of new, high quality, luxury homes. Modern developments, like ONE Brompton, just aren’t available, particularly in period buildings. We are extremely proud of our residential brand ONE, where we are able to create luxury living spaces whilst maintaining its classic heritage façade appealing to the most discerning buyer.”

Guy Stebbings of Knight Frank, said:
“In one of the largest bulk sale of high end residential in 2019, we received very strong interest in this exceptional scheme developed by The Thackeray Estate. A number of international purchasers were identified demonstrating the very strong international demand for good yielding, high end residential product in the current market.”