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Canary Wharf Apartments Listed For Record Sums

If you thought that current credit crunch on the global markets would lead to a slowdown in London property prices think again.

Knight Frank have listed a double penthouse apartment at the top of the Berkeley Tower in Docklands Canary Wharf Riverside off Westferry Circus for 18.7 million or $37.28 million shattering the previous record set in E14.

With the top floor over 70 metres up, the building was designed by Koetter Kim & Associates International with Eva Jiricna Architects and Walter and Cohen as internal architects and completed in 1998 as part of the only residential development done by the Canary Wharf Group in a joint venture with Pidemco Land Ltd.

One of the reasons for the huge listing price is the fact that it isn't strictly one apartment. A clever unnamed buyer has acquired both the neighbouring penthouse flats, 211 and 212 Berkeley Tower, so that they can be combined into one mega apartment of approximately 6,000 square feet or almost 600 square metres.

The prices of over 3,100 per square foot being commanded show the large sums of money that people are potentially willing to pay for unique living spaces in London as the super-rich compete to have the better pad with more unique opportunities on how they can reshape their living space.

Combined with the ground zero location for the Wharf, Berkeley Tower shows a significant mark-up per square foot on other luxury developments such as the Michigan Building at New Providence Wharf despite not having such luxuries as an open air rooftop pool.

Article Related buildings:

Berkeley Tower

Berkeley Tower
The Michigan Building

The Michigan Building
Berkeley Tower Canary Wharf
Berkeley Tower Canary Wharf