Australian property developer takes London by storm
Third.i rapidly expands international footprint with iconic London landmark ‘The Doulton’ on River Thames added to stable of UK projects
Leading Australian property developer, Third.i, continues to take the London market by storm, unconditionally exchanging on the purchase of its third major residential project in London since entering the UK market five years ago.
Third.i’s acquisition of Westminster Tower on the banks of the River Thames, currently a 47,093 sqft (4,375 sqm) fourteen-story office block which was previously a Royal Doulton manufacturing site, adds to the company’s fast-growing fleet of luxury schemes in the UK.
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Third.i has secured Ant Yapi, one of Europe’s leading construction firms as a building partner for the project. With the support of Ant Yapi’s experienced London team, Third.i has plans to transform the 1980s building into one of London’s premier private residences featuring some of the best views ever offered of London’s icons and the City of London.
The building, to be renamed ‘The Doulton’ in recognition of the site’s history as a Royal Doulton manufacturing site, is set to become a landmark along the River Thames. It comprises 28 apartments including 3 lateral whole-floor penthouses with 360-degree views, and 25 two-and three-bedroom apartments, all having direct views across the Thames.
The site includes 18 parking spaces and 3,312 sq ft (308 sqm) commercial space. In addition, there will be five-star health & wellness facilities on the second floor of the building including a private gym, yoga and Pilates studio, and infrared sauna, whilst on the ground floor will be a lounge area, meeting room, workspace, concierge desk, and communal terrace for residents to enjoy.
Located in a prime position on the banks of the river at the junction of Albert Embankment and Lambeth Bridge, residents will be able to sit back and enjoy one of London’s finest panoramic views across the River Thames to the Houses of Parliament.
BANDA, who has been appointed by Third.i as the interior designer and architect, will be crafting and delivering exquisite contemporary interiors which are intrinsically beautiful and faultlessly functional with timeless elegance.’
This acquisition follows Third.i’s successful debut project in Battersea in 2018 followed by Graphite Square in Vauxhall which is due to launch in the UK later this year. Third.i continues its global expansion as the company seeks to invest in and around London in residential, commercial, senior living and assisted living projects.
Over the last twenty years, Third.i has become a global leader in property development and investment, rapidly expanding its property portfolio beyond Australia with diverse investments led by Co-Founder’s Luke Berry and Robert Huxley in Sydney and Co-Founder, Ron Dadd, who transferred from Australia to London in 2022 to head up their new office in Vauxhall.
Third.i is already on track to acquire three additional sites by the end of 2024 in London, which combined will add an impressive GDV in excess of $1.5 billion. In addition, its UK team has doubled inthe last two years.
Third.i’s Co-Founder, Luke Berry commented: “We are delighted to be expanding our international footprint with an exchange on this landmark London building. The Doulton will offer some of London’s most enviable views that will never be built out or repeated, combined with exquisite interiors designed and implemented by BANDA. The Doulton delivers an ultra-exclusive and luxurious collection of homes where London residents can be proud to live.”
Richard Eden, Head of Architecture and Technical at BANDA added: “BANDA enjoys collaborating with partners that share our vision for creating unique and exceptional properties around the globe. Having perfected their craft in the luxury residential market back home in Australia, we welcome the opportunity to form a close partnership with Third.i on the design of The Doulton.
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