The regeneration of Shoreditch in the East End ranks alongside Canary Wharf as one of London's great success stories of the 21st century so far, but its rise to prominence has been more rapid. The past decade has seen many of the world's best and brightest creatives relocating to be part of the emerging East London Tech City – nicknamed the 'Silicon Roundabout' as London's answer to Silicon Valley, and home to many of the same names, including the likes of Google, Facebook and Amazon among thousands of ambitious startups.
The explosive growth of Shoreditch has made available property scarce, and new residential developments are highly in demand by professionals and local and overseas property investors who are keen to capitalize on house price increases, set to be greater than in Central London. One of the most significant new residential projects entering the market this year is The Makers, a mixed-use development of 175 private residential units, exclusive amenities and a college, located off a quiet street with convenient access to Tech City and the London lifestyle.
Work-life balance in Shoreditch
Shoreditch has global appeal for creatives and tech-savvy entrepreneurs for its collaborative startup culture, business support facilities and excellent transport connections. London City Airport is just 26 minutes from Old Street station by train (four minutes' walk from The Makers), while Heathrow Airport is 50 minutes away. Journey times across London and South East England will be improved when Crossrail services begin at nearby Liverpool Street station in 2021, which will also give a boost to house prices and rents in the surrounding area.
Convenient transport links put other London experiences in easy reach, but there's no shortage of restaurants, bars, shops and cultural venues to serve the local community. From bargain hunting at Old Spitalfields Market to catching events at the Barbican and dining out in Islington, there's plenty to enjoy within walking distance. Shoreditch is also a remarkably green part of London, abundant with canalside parks and other recreational areas.
Families moving to Shoreditch with children will be pleased to know that it's in the capture area of some of the city's most prestigious schools, while higher education institutions such as King's College, Central St Martin's and the London School of Economics are within 30 minutes' travel. The development at The Makers also includes a co-located school, New Regent's College, which will provide state-of-the-art education for pupils aged 5 to 16.
Design-led luxury living
Tucked away behind busy City Road on the corner of Nile Street and Jasper Walk, The Makers is a collaborative project between established developers Londonewcastle, the London
Borough of Hackney and the Local Education Partnership. Avanti Architects were tasked with designing this new residential landmark, which draws inspiration from the surrounding architecture and rises 28 stories, including a 7-story podium block.
The interiors by Woods Bagot have a distinctly 1920s flavor, from the grand, double-height entrance lobby to the brass fixtures. Buyers can choose from studio flats, two or three-bedroom apartments or family duplexes and penthouses adding more premium finishes and furnishings. All residents will enjoy views over Canary Wharf, the City of London and the West End from their balcony or terrace, as well as use of private communal facilities including a gym and treatment room, screening room, lounges, garden terraces and a 24/7 concierge.
A number of units at The Makers are now available and ready for occupation. Buying before the end of March 2021 means overseas property investors can qualify for Stamp Duty and Land Tax (SDLT) relief, making a London property purchase more affordable.