UOL Group Limited, which owns the Pan Pacific Hotels Group line, opened its London flagship on 1 September, and is reporting good sales progress for its apartments within the 43-storey residential-hotel tower as well.
The first high-rise project of its kind in London's historic financial district in years, One Bishopgate Plaza houses the 237-key Pan Pacific London — first in the UK; The Sky Residences with 160 apartments above the hotel from levels 21-41; two levels of offices; and retail on the ground floor.
Sales of the apartments, which range from 53sqm for one-bedroom to 151sqm for a three-bedroom space have been "encouraging", with some 27% already sold to locals and overseas buyers at an average price of above US$2,735 per square feet.
Apartment residents and business travellers can additionally have access to a private bar, library, 24-hour concierge service, private club room with meeting rooms with city views, as well as access to Pan Pacific London's amenities including gym, pool, sauna and steam rooms, business suite and room service.
The entire building is fronted by a plaza and civic space, integrated into the conserved Devonshire Row.
Location is expected to be a drawcard: adjacent to Liverpool Street station on the Elizabeth line, giving easy access to the West End, Canary Wharf, Eurostar high-speed rail, London City Airport and Heathrow Airport.
Said UOL Group Chief Executive Liam Wee Sin: "The project overcame challenges caused by Brexit and Covid-19. One Bishopgate Plaza is part of our vision to strategically cement our presence in UK and open new possibilities within the region in the coming years."