Within just weeks nearly all of the homes in the Stratosphere development have been sold, showing the voracious appetite for housing in the borough and wider capital.
The 36-storey tower in Eastern Street, Stratford, has sold 90 per cent of its 307 contemporary apartments within six weeks of launching.
The development, built by Telford Homes, comprises of one, two and three-bedroom apartments and penthouses. It received a record number of enquiries from buyers, according to the developers.
David Campbell, group sales and marketing director for Telford Homes, said: “We are delighted with the sales success that we have seen at Stratosphere, a development which has generated exceptional demand due to the high quality build and unique design we have implemented as well as the abundance of amenities within Stratford.
“A significant proportion of the interest can be attributed to buyers who are looking to purchase a property in an excellent location with great investment potential. This is our third substantial tower building to launch in Stratford and we continue to view the location as the preeminent regeneration hotspot in the capital.”
Stratford station, including Tube, Overground, DLR and National Rail connections, is only a two-minute walk from the Stratosphere development.
Stratford has recently benefitted from investments of more than £15bn, a growth in population of 131,000 people (equivalent to the City of Cambridge) and an estimated 62,000 new jobs following the London 2012 Olympic legacy.
