Leading London property developer, EcoWorld Ballymore, has announced the launch of 30 new homes at London City Island. The launch will include suites, one, two and three bedroom apartments on the Leamouth Peninsula island development, with prices starting from £422,500. The launch is in celebration of Frieze and welcomes the island’s newest art resident, arebyte gallery – a contemporary space dedicated to new media and performance art. Attendees to the launch event will have an opportunity to view the Richard Wentworth exhibition which is currently installed in the new gallery.
In keeping with the development’s commitment to supporting local artists, arebyte, Studiomakers and EcoWorld Ballymore have collaborated to create a 6,000ft gallery and workspace at London City Island. The mutually beneficial and sustainable model seeks to counter the dramatic decline in the capital’s creative workspaces, with a loss of 3,500 spaces predicted by 2020, an initiative in association with the Mayor of London
City Island is more than just a place to live; it is a destination for art, culture and creativity. The island is a new neighbourhood for the capital, surrounded by water on Leamouth Peninsula and connected to Canning Town by a striking 260 ft. red footbridge. The development will comprise 1,600 residential units, along with independent cafes, shops, restaurants and diverse cultural facilities. The first phase of the 12 acre site is now complete and occupied while phase two, a joint venture between EcoWorld and Ballymore, is currently under construction.
The arebyte gallery and workspace is the latest chapter in a long line of cultural success stories for the island. The London Film School is relocating to the island, joining English National Ballet and English National Ballet School who are also making their new home on the island, cementing the island’s position as a hub for the arts. In addition, east London’s contemporary art walk, The Line, will soon extend to the island and set up an information hub.
Central to Canning Town’s exciting regeneration programme, City Island represents a strong opportunity for investment. East London is the Capital’s property hot spot, with the creative energy of Shoreditch and Hackney extending with exciting residential and business developments on the rise. The introduction of Crossrail in neighbouring Custom House will only increase the investment appeal of City Island’s latest apartments further.
Commenting on the partnership with arebyte, Dato’ Teow Leong Seng, CEO of EcoWorld International Berhad, commented:
“I am very proud of London City Island’s vibrant community and the creative partnerships that have made this possible. Along with English National Ballet and The London Film School, the brand new artistic spaces and studios will take the island’s creative offerings to the next level, cementing the development as a cultural hub for London.”
Sean Mulryan, Chairman and Chief Executive of Ballymore Group, added:
“It is my vision to make London City Island a home for art and creativity in the capital. The collaboration with arebyte and Studiomakers is particularly exciting as it will provide artistic talent with long-term and affordable opportunities for generations to come. The new creatives, brought to the island through this partnership, will integrate with our culturally rich mix of tenants and residents.”