Success! The teaser is being generated. Check your inbox (and spam folder!).
Something went wrong. Please contact us on invest@brixflow.com or +44 2081 585 568
Funding
This is in view mode only. In order to require any changes in the listing
please contact  our team on deals@brixflow.com

Site with Hotel and Residential planning consent in Central London

London
,
United Kindgom
DEAL
001085
POSTED ON
September 18, 2020
INVESTMENT SUMMARY
IRR
NA
Multiple
NA
LTV
NA
First Year CoC
NA
Stabilised CoC
NA
Status
Funding
Deal #
001085
Asset Class
Hospitality
Strategy
Development
Capital Type
Full Stack
Deal Size
£
90.0
m
Investment Size
£
90.0
m
Holding Period
NA
INVESTMENT HIGHLIGHTS
  • The site is located in a premium location in central London next to Tower Bridge and Tower of London, and in close proximity to the City as well as to Canary Wharf.  With direct access to DLR Tower Hill Station, the site benefits from direct links in less than 15 minutes commute to places like Piccadilly, City Airport or Canary Wharf.
  • The site is part of much larger development composed of 4 blocks. The other 3 blocks which are all residential have already been placed and this is the last available site. The site is owned by a JV formed between a local developer and an overseas investment firm and they are currently looking to sale the site. An option for turnkey could be negotiated with the local developer.
  • This site development has C1 hotel consent, and residential. The approved consent permits the construction of 236 keys hotel, 33 Serviced Apartments and 79 Residential flats for a total  GIA of 29,304 sqm (315,433 sqf). The owner has also applied for an alternative  residential-led scheme with commercial and 200 residential units. Decision expected in Q4 2020.
  • In terms of areas for the current consent they are distributed as follows: A. Residential - GIA: 8,615 sqm (92,730 sqf), NIA: 5,975 sqm (64,318 sqf); B. Hotel - GIA: 18,705 sqm (201,341 sqf); C. Serviced Apartments -GIA: 1,734 sqm (18,665 sqf), NIA: 1,124 sqm (12,097 sqf); D. Other - GIA: 251 sqm (2,698 sqf).
  • The site is currently off-market and the current owner is looking for a direct sale before placing the site in the market. Asking price is £90m or equivalent of  £3,071 psqm or £285 psqf.
KEY DEAL POINTS
KEY FINANCIALS
ABOUT SPONSOR
Private Deal
An off-market opportunity, details of which are available by invitation only.
FURTHER IMAGES
No Images
LOCATION
DEAL DATA ROOM
Here you can find the data room submitted by the sponsor for your due diligence. It will also appear in your BrixFlow Data Room in your Dashboard. If you don't have access you can request access in the Request Introduction section.

CONTENT RESTRICTED

SUBMIT A CHANGE TO THE CURRENT LISTING
Please fill the form below to submit a change in the current listing. Any changes submitted require the internal approval of the investment team. Alternatively you can submit your request by email to deals@brixflow.com quoting the deal number.
REASON FOR THE CHANGE
CHANGES REQUESTED
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
INTRODUCTION REQUEST
Please specify the information requested.
REASON FOR THE REQUEST
*PRESS CTRL TO SELECT ALL THAT APPLY
COMMENTS
Thank you! Your access request has been submitted and we will be in touch shortly. In case of any questions you can contact us on deals@brixflow.com or +44 2080 505 024
Something went wrong while submitting the form. Please contact us on invest@brixflow.com or +44 2081 585 568
INVESTMENT SUMMARY
Strategy
Development
Asset Class
Hospitality
LTV
NA
Deal Size
£
90.0
m
Closing
Nov 2020
Capital Type
Full Stack
Investment Size
£
90.0
m
Net IRR
NA
Multiple
NA
Holding Period
NA
INVESTMENT DETAILS
  • The site is located in a premium location in central London next to Tower Bridge and Tower of London, and in close proximity to the City as well as to Canary Wharf.  With direct access to DLR Tower Hill Station, the site benefits from direct links in less than 15 minutes commute to places like Piccadilly, City Airport or Canary Wharf.
  • The site is part of much larger development composed of 4 blocks. The other 3 blocks which are all residential have already been placed and this is the last available site. The site is owned by a JV formed between a local developer and an overseas investment firm and they are currently looking to sale the site. An option for turnkey could be negotiated with the local developer.
  • This site development has C1 hotel consent, and residential. The approved consent permits the construction of 236 keys hotel, 33 Serviced Apartments and 79 Residential flats for a total  GIA of 29,304 sqm (315,433 sqf). The owner has also applied for an alternative  residential-led scheme with commercial and 200 residential units. Decision expected in Q4 2020.
  • In terms of areas for the current consent they are distributed as follows: A. Residential - GIA: 8,615 sqm (92,730 sqf), NIA: 5,975 sqm (64,318 sqf); B. Hotel - GIA: 18,705 sqm (201,341 sqf); C. Serviced Apartments -GIA: 1,734 sqm (18,665 sqf), NIA: 1,124 sqm (12,097 sqf); D. Other - GIA: 251 sqm (2,698 sqf).
  • The site is currently off-market and the current owner is looking for a direct sale before placing the site in the market. Asking price is £90m or equivalent of  £3,071 psqm or £285 psqf.
INVESTMENT HIGHLIGHTS
Funding
SUMMARY
Opportunity to acquire a unique site in central London with hospitality and residential consent. The site is located close to Tower Bridge (E1 postcode) and currently has approval for the construction of a 236 keys hotel, 33 serviced apartments and 79 residential flats. The owner is looking to sale the site. Asking price is £90m.
i
G
Dashboard
i
z
Reservation
i
x
Meeting
Thank you! Your access request has been submitted and we will be in touch shortly. In case of any questions you can contact us on invest@brixflow.com or +44 2081 585 568.
Something went wrong while submitting the form. Please contact us on invest@brixflow.com or +44 2081 585 568
Success! The teaser is being generated. Check your inbox (and spam folder).
Something went wrong. Please contact us on invest@brixflow.com or +44 2081 585 568