New development at historic site goes on sale

One of London’s most innovative property developers, Union, are announcing the release to market of Theatro, a landmark creative mixed-use development in Deptford, one of London’s up and coming property hotspots.

Located on Creek Road, Theatro is set on the former site of the historical School of Performing Arts, founded by the legendary Rose Bruford. In line with Union’s focus on developing in prime urban regeneration areas Deptford is one of London’s best value property locations and is undergoing extensive regeneration.

Designed to be an inspiring environment to live and work in, the 40,000 sq ft Theatro mixes 36 intelligently designed 2 and 3 bed apartments with exciting commercial spaces. Theatro’s architects JCMT, specialise in urban developments, recently being awarded the Evening Standard Homes & Property Award for Best New Development in the Affordable Homes Sector, and the Hot Property New Homes Award 2006/2007 Platinum Award for Best in Design and Innovation.

Chief architect Peter Mason, commented: “Theatro offers inspiring architecture and pioneering design in a development designed for contemporary urban living, as well as fostering a sense of community.”

Designed with Union’s ‘expect more’ philosophy in mind, Theatro offers enviable contemporary design features and clever functionality usually seen only at the top end of the market, including, underfloor heating throughout, controllable mood lighting, custom designer Poggenpohl kitchens, integral CCTV systems, video entry phones and secure parking. The additional edge is in Theatro’s amazing duplex apartments, with private terraces offering stunning views and innovative lighting creating “walls of light”.

The entire ground floor has a commercial theme, set to be a mix of bars, restaurants and studio spaces. On each of the first four floors there is also a commercial element cleverly designed and set to serve as artists’ studios, workshops and offices, for the growing community of artists and designer-makers living, working and bringing their creativity to the area.

Only 10 minutes walk from both Greenwich Town Centre and Deptford High Street Theatro has a wealth of amenities and transport connections on its doorstep. London Bridge is only seven minutes away by train and Canary Wharf is only eleven minutes away on the DLR.

Deptford is widely regarded as one the most exciting and vibrant areas of South East London, full of growth and change, but rich in history and atmosphere. In recent years it has attracted a thriving community of artists, designers, City workers and media professionals. The entire area has been designated a cultural hub by the London Development Agency and has one of the highest concentrations of artists in the capital.

Theatro is one of a number of regeneration schemes that are contributing to Deptford’s renaissance, which was spearheaded by the iconic Laban dance centre, designed by architects Herzog & de Meuron. The latest Land Registry figures show that in the last twelve months alone prices in the area have increased by 13.9% and are set to continue rising. Regeneration plans for the area include a new Deptford Mainline station designed by Lord Rogers, the redevelopment of King Henry VIII’s former Naval Dock, Convoys Wharf, and new riverside bars, restaurants and galleries.

Construction of Theatro starts this month and is due to complete in June 09. One third of the apartments will be sold off plan and a show apartment will be ready for viewing from October 08. Prices start at £420,000.