- Third.i have announced their second London-based project, Graphite Square, is fastest-selling project worth $200 million in the UK
- Industrial inspired mixed-use development in Vauxhall has already racked up $64 million in sales
- Project commenced construction in October 2021, set to deliver 160 residences and abundant communal spaces
Australian developer Third.i has announced its London-based development, Graphite Square, is the fastest-selling project worth $200 million in the United Kingdom.
Construction on the mixed-use residential and commercial development began in October of last year, with piling already complete.
Graphite Square, located on Vauxhall Walk, has already observed over $64 million (AUD) in sales since being introduced to the UK market in November 2021. Generating interest in the project are both local and international buyers from London, the greater UK and Asia.
Third.i announced their acquisition of the Graphite Square site earlier this year, which marked the group’s second major development site in London.
Industrial-inspired project pays homage to Vauxhall’s roots
Blending both residential and commercial space, Graphite Square is set to deliver 160 homes and over 7,400 sqm of flexible workspace to the heart of London. The development will span four floors with two public spaces that connect the development to two streets.
The residential element will consist of 110 one to three-bedroom private new homes and 50 one to three-bedroom affordable homes spread across three buildings, ranging from nine to thirteen stories high.
On the top two floors of buildings B & C will be a luxurious collection of two and three-bedroom penthouses.
Construction on Graphite Square is scheduled to be completed in the final quarter of 2024.
Third.i’s Co-Founder and Director of Sales Marketing Luke Berry said it is an amazing achievement for the group to launch a project of this calibre internationally and gain as much traction as it has.
“To officially kick start construction back in October last year on this amazing project is truly incredible and a testament to our hardworking team.
“We had been looking for exciting opportunities in London for quite some time and Graphite Square is the perfect embodiment of our belief in creating better places to live, work and play. I can’t wait to see the project come to life.”
Luke Berry, Third.i co-founder
On board to deliver Graphite Square are Ben Adams Architects, behind the industrially inspired design of the project, and workspace creator Halkin, who will deliver and manage the state-of-the-art co-working spaces.
Once completed, Graphite Square will offer abundant communal spaces and lush gardens to the Vauxhall area.
Vauxhall is rapidly becoming one of London’s most sought-after destinations for young professionals and students. The area boasts affordable and modern housing in proximity to some of the UK’s most respected academic institutions, and provides excellent transport connectivity to the rest of London.
The remaining apartments will be priced from £665,000 to £2,000,000.