Middle East Buyers Make Up 10.9 Percent of all Property Transactions in London’s Most In-Demand Areas

The Astor at 9 Millbank

Middle East Buyers Make Up 10.9 Percent of all Property Transactions in London’s Most In-Demand Areas

GCC residents seeking to purchase a new London home or secure a great investment opportunity now have the opportunity with luxury developer, St Edward, as it launches The Astor, an exquisite duplex penthouse crowning the 9 Millbank development in Westminster, London.

The largest and most prestigious residence in 9 Millbank’s ‘Heritage Collection’, The Astor features over 9,700 sq.ft. of expansive living space, three en-suite bedrooms, an astonishing 360-degree roof terrace and an additional two-bedroom guest apartment.

The UK, and London in particular, has seen a massive influx of visitors from the GCC region in the recent past and the real estate market is continuing to take great strides in both the number and quality of properties available to prospective buyers. 2022 was a record year for private investors and London was the top city destination for cross-border private capital in 2022, with this trend continuing in the same vein for this year, so far. Middle East buyers made up 10.9 percent of all property transactions in London’s most in-demand postal code, which shows the confidence Middle East buyers have in this market.

Situated at the heart of London’s royal and political enclave, a stone’s throw from The Palace of Westminster, Banqueting House and Westminster Abbey, the five Heritage Collection apartments have been named after some of the area’s most prolific historic figures. The Astor’s namesake, Viscountess Nancy Astor, was a US born socialite-turned-politician, often referred to as the ‘first lady’ of British politics. Wife of Waldorf Astor, Nancy became the first female MP to gain a seat in the House of Commons in 1919; it is this combination of high-class glamour and quintessential British tradition that has inspired the penthouse’s dazzling interiors.

The eighth floor is also home to three bedrooms, including an exquisite principal suite with three high lunette windows and his and hers en-suite bathrooms and dressing rooms.

St Edward has modernised the apartment’s traditional layout further by creating two new mezzanine areas; the first is accessible from the reception room via a bespoke spiral staircase, where a vintage inspired library and study space is situated.

The penthouse’s finest asset is arguably its 1,307 sq.ft private roof terrace, which offers unprecedented 360-degree views across Westminster, London’s most iconic landmarks, and the Thames. Featuring handmade British furniture and kitchen accommodation, the roof terrace is ensconced within planting to give a sense of secluded privacy for unparalleled alfresco riverside entertaining.