Galliard Homes launched its marketing campaign at the beginning of the month and received more than 4,000 calls about the apartments, which start from £169,000. Galliard's marketing strategy included advertising in regional and national press and 300,000 leaflet drops. It called in extra staff to help show interested purchasers around the apartments and a team of independent financial advisors and lettings agents were also on site.

Galliard Homes launched a selection of one, two and three bedroom furnished apartments. For the investor buyers wishing for an instant income, many of the flats were prelet thus ensuring an immediate return. For owner-occupiers and investors who purchased a tenanted flat but required vacant possession, Galliard offered up to 12 months delayed completion. For the owner-occupier, up to 95 per cent mortgages were available, and for buy-to-let investors, up to 85 per cent mortgages were obtainable. Galliard also offered a net rental guarantee of 7 per cent for two years.

Galliard Homes sales director David Galman comments: "I have not witnessed such a rush for apartments since County Hall launched in the 1990s. It was a amazing scene to watch and the sheer volume of eager buyers waiting patiently in the queue was astounding. The majority of flats have been sold to investor buyers, a few to first time buyers and many to those seeking a central London base."

Friday, 26 April 2002, sees the launch of Regime Property Development's scheme "The Pulse from The 02 Centre", a seven-storey development of glass, timber and steel on the corner of Lymington and Finchley Roads, NW3. It is releasing 12 of its 55 apartments, with prices starting from £415,000.

Ranging in size from 800 sf to more than 2,000 sf, each of the properties has either a walk-on balcony, terrace or patio. The scheme has a secure communal courtyard. It is all set above 14,000 sf of ground floor space set aside for retail, restaurant or office use.

Joint sole selling agents, Hamptons International and Goldschmidt & Howland, report that interest has been exceptionally high from both prospective homebuyers and investors alike.

Instant Insights /

Residential Schemes Attract Queues Round the Block

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