ABOUT BALLYMORE THE DEVELOPMENT

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2 ABOUT BALLYMORE Ballymore is one of the largest private property developers in Europe and a leader in urban regeneration. The company has been responsible for many of London s major regeneration and legacy projects. Sean Mulryan, Founder, Chairman & Group CEO of Ballymore Group said We are proud of our reputation for bringing new large-scale projects into London in a way that responds to the local area, to create stunning developments that will be cherished by those who use them. Built developments mean nothing if they don t in some way improve, enrich or enhance people s lives. We never forget that we re building for people; if anything can be said to characterise a Ballymore development, it would be its human dimension. Developments of note include Embassy Gardens, Pan Peninsula, 21 Wapping Lane, New Providence Wharf, High Point Village and Mastmaker Road. THE DEVELOPMENT London City Island is unique new riverside development and 12 acre neighbourhood - creating a mini-manhattan - in Leamouth, London. Due for completion in 2016, it is adjacent to London s most exciting creative and commercial districts. City Island will be a dramatic new cityscape, rising at the point where the Thames meets the River Lea and set against stunning views of Canary Wharf and the City of London s iconic skyscrapers. It will see the creation of 1,700 new apartments, stunning al fresco spaces, waterside parks, vibrant new bars and restaurants, artist studios, boutique shops, school and exceptional private residents club. 02

3 ESTIMATED COMPLETION PHASE ESTIMATED COMPLETION PHASE TENURE 999 year lease GROUND RENT 1 Bed Suite Bedroom Bedroom Bedroom ESTIMATED SERVICE CHARGE 4.50 sqft per year PARKING 20,000 per space INSURANCE 10 year build warranty by NHBC or a similar warranty provider LOCAL AUTHORITY London Borough of of Tower Hamlets UNIT TYPE UNIT MIX LIGHTHOUSE ORCHARD 1 Bed Suite Bedroom Bedroom Bedroom Total

4 RESIDENTS FACILITIES - Spectacular private leisure club, with gymnasium, heated outdoor swimming pool and spa - City Island private residents lounge - The Grocer - Cafe/restaurant - Stunning landscaping USP S - City Island is a unique and exciting undeveloped piece of riverside real estate in London. - The delivery of the footbridge will make City Island one of the best connected development sites in London with a 2 minute walk to its very own Jubilee Line and DLR station at Canning Town. 20 minutes to Bond Street, 15 to Westminster. The easy access to the Jubilee means one stop to the world s most successful music venue at the O2 and two stops to Europe s largest retail centre, Westfield at Stratford and Queen Elizabeth Park. - The recent acquisition by Chinese developer ABP (Advance Business Parks) of 35 acres of land adjacent to City Airport at Albert Docks is a major coup for London with the Mayor Boris Johnson stating the multi-billion investment will make this location London s third financial centre. ABP in a JV with Stanhope is looking to bring the top Chinese companies to locate their European headquarters to this location. - The collaboration with Eric Reynolds, who together with Ballymore at the early stages of Spitalfields Market helped create its reputation of bringing local creative and fashion house to the location. Spitalfields was voted one of London s best visitor attractions. Eric will again work with Ballymore to deliver the arts and creative element within the Island to attract visitors and therefore retail end users. - The architecture, landscape and interior design together with Ballymore s excellent reputation for delivery of projects across London. - Put all of the above together and the unique ability to buy a piece of real estate on an Island location makes this one of the most talked about launches of

5 RESIDENTS FACILITIES 05

6 THE ISLAND CANNING TOWN STATION ISLAND BRIDGE TRINITY SQUARE WATERLINE PARK FARADAY ORCHARD & CITY ISLAND SOCIAL CLUB ORCHARD PLACE LIGHTHOUSE FOUNDRY GATE HOUSE COMMUNITY CENTRE 06

7 CONNECTIONS 2 ROYAL VICTORIA 4 CANARY WHARF 6 STRATFORD 6 LONDON CITY AIRPORT ROYAL ALBERT DOCK 7 2 NORTH GREENWICH LONDON BRIDGE BOND STREET WESTSTER STRATFORD INTERNATIONAL SILVERTOWN WATERLOO CANNING TOWN CANARY WHARF 4 Minutes LONDON BRIDGE 11 Minutes WATERLOO 14 Minutes BOND ST 20 Minutes CANNING TOWN LONDON CITY AIRPORT 6 Minutes STRATFORD 6 Minutes BANK 15 Minutes GREENWICH 22 Minutes CANNING TOWN SILVERTOWN 5 Minutes LONDON CITY AIRPORT 10 Minutes ALDGATE 20 Minutes STRATFORD 30 Minutes CITY ISLAND CANARY WHARF 10 Minutes STRATFORD 18 Minutes GREENWICH 23 Minutes SHOREDITCH 30 Minutes 07

8 SALES PROCEDURE Payment Terms 2,000 is payable on reservation or upon exchange of contracts at the exhibition. The balance of the 10% deposit is payable 21 days from reservation or exchange of contracts at the exhibition. A further 10% payment in the form of a construction sum is payable in December 2014 (this applies where exchange takes place prior to April 2014, thereafter a different payment date will apply). The balance of the purchase price is payable on completion of the property. RECOMMENDED PURCHASER S SOLICITOR Chris Myers Forsters LLP 31 Hill Street London W1J 5LS T: E: *Legal Fee Allowance 1,000 paid by Ballymore on completion 08

9 THE SPECIFICATIONS MAIN STRUCTURE Reinforced concrete frame on reinforced concrete piled foundations. ENVELOPE External wall with quality brick finish. FLOORS Reinforced concrete slab with appropriate floor finishes. ROOF High-performance membrane roofing overlaid with pre-cast paving and bioroofs where applicable. WINDOWS Double-glazed composite windows including opening lights, doubleglazed composite doors to balconies with durable paint finish. STAIRS In-situ or pre-cast concrete stairs with steel balustrades in common areas. WALLS Party walls constructed from metal studwork finished on both sides with sound resistant plasterboard and acoustic insulation between, or structural concrete faced with plasterboard on both sides. Internal walls constructed from metal studwork or modern solid timber panels with plasterboard on each side and acoustic insulation where detailed. BALCONIES Where applicable, painted metal balconies constructed with painted steel handrails and composite decking boards. CEILINGS Suspended plasterboard with highlevel feature recess ceilings with optional exposed concrete finish. FLOORING Textured engineered oak floor boarding to hall, living area and kitchen. Hexagonal matt black ceramic floor tiles to bathrooms, ensuites and shower rooms. Fitted carpets to bedrooms. DECORATION All internal walls painted with warm white washable emulsion, skirting and door frames painted with warm white eggshell paint finishes. Brick slip tiles optional to selected walls. KITCHENS: 1, 2 & 3 BEDROOM APARTMENTS Composite stone worktops fitted with under-mounted stainless steel sink with contemporary deck mounted matt black taps. Feature tiled splash-backs. Concealed LED lighting to underside of overhead cupboards. Integrated appliances, comprising combination stainless steel multifunction electric oven, touch control ceramic hob and integrated extractor hood, fridge freezer and dishwasher. Combined washing machine/tumble dryer located in separate utility cupboard. Fitted modular design kitchen units in semi-matt finish. KITCHENS: ONE BEDROOM SUITES Fitted with custom designed modular cabinets in semi-matt finish with contrasting interior colour. Composite stone worktop with stainless steel under mounted sink and contemporary deck mounted taps with matt black finish. Tiled splashbacks in feature tile. Integrated appliances, comprising combination stainless steel multi-function electric oven, induction hob, concealed extractor hood, fridge-freezer, integrated dishwasher and combined washing machine/tumble dryer located in separate utility cupboard. WARDROBES Integrated wardrobes fitted in main bedrooms with custom designed painted feature doors with semi-matt finish. BATHROOMS Fitted with white enamel bath with chrome finish thermostatic mixer tap. Feature shower and frameless glass bath screen. White ceramic wallmounted WC with concealed cistern. Custom made white ceramic wash hand basin, with chrome lever mixer tap. White ceramic tiled walls with black feature border and floors tiled with matt finish hexagonal ceramic tiles. Bespoke wall mounted mirror finished cabinet in all bathrooms. Chrome finish heated towel rail. SHOWER ROOMS Specification as bathroom but fitted with white ceramic shower tray, thermostatic mixer and fixed showerhead with frameless glass shower screen. 09

10 STAMP DUTY LAND TAX Purchase price/lease premium or transfer value SDLT Rate Up to 125,000 Zero Over 125,000 to 250,000 1% Over 250,000 to 500,000 3% Over 500,000 to 1 million 4% Over 1 million to 2 million 5% Over 2 million from 22 March % COUNCIL TAX BANDINGS Band Amount of tax for Tower Hamlets ( ) Total council tax 2013/2014 ( ) A Up to and including 40, B 40,001-52, C 52,001-68,000 1, D 68,001-88,000 1, E 88, ,000 1, F 120, ,000 1, G 160, ,000 1, H More than 320,000 2,

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