Merchant Land wins award for penthouse at The Grays, where 70% of apartments have now sold

01/10/2015

Merchant Land, a property investment and development company, is delighted to announce that the penthouse at The Grays has won the ‘Best Apartment’ category at the prestigious International Property Awards 2015-2016.

Located just off of Chancery Lane opposite Gray’s Inn, The Grays is a boutique collection of 13 highly specified apartments, including the award-winning penthouse, on Grays Inn Road in Midtown.

News of the accolade coincides with the sale of the 1,000 sq ft penthouse, which was praised by the judges for its intelligent design and high levels of natural light. With 70% of apartments at The Grays now sold, four apartments - with one or two bedrooms - remain for sale. Prices start from £895,000.

Since completing in May 2015, the development has attracted particular interest from buyers due to its location in London’s historic legal quarter and its proximity to top universities such as the London School of Economics and University College London.

The Grays was designed by architects Harper Downie and is a part new build/part conversion of an existing commercial building.  The six-storey building has the benefit of not being overlooked, so the upper floors enjoy panoramic cityscape views of central London.  Residents also benefit from a concierge service.

Having won the UK stage of the International Property Awards, Merchant Land will go through to the final stage of the competition later this year, competing against other winning companies around the world for the coveted crown of ‘Best Apartment’.

 

Katherine McCullough, Development Director at Merchant Land, said:  “Midtown is an emerging residential market and our ambition was to set the bar for development in the area, so we are thrilled to have won this award, which is testament to the success of the scheme.”

 

Stuart Shield, president of the International Property Awards, commented: “The UK’s developers have really taken up the gauntlet and submitted a number of outstanding developments. These projects are attractive to the eye, highly functional, eco-friendly and feature the latest state-of-the-art technology.”

 

For sales information regarding the apartments contact CBRE: 02074203050 or visit www.cbreresidential.com/uk.

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Notes to editors

Press enquiries to:

Redleaf   Polhill UK

+44 (0)20   7382 4720

Charlotte Palmer / Sammy Parker

merchantland@redleafpr.com


About Merchant Land

  • Merchant Land is a 20 year old property business that invests in and develops high performing real estate.
  • Led by Development Director Katherine McCullough, Merchant Land acquires finances, develops and manages mixed-use, commercial and residential properties.
  • Other projects include:

-       Creechurch Lane: the refurbishment of 20,930 square feet of office space in EC3. Completing in March 2014, the project involved the practical and aesthetic overhaul and upgrade of a 1980s office building to create modern attractive office space designed for SME occupiers.

-       Charlotte Street: a mixed-use development of adjacent buildings located at 61, 63 and 65 Charlotte Street acquired in 2014.

-       Seymour Place: the development of Seymour Place in Marylebone will involve the demolition of an existing derelict and structurally unsound late C19th terrace to construct a new five-storey residential scheme. Work stated on site in May 2015.

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