13 Oct 2021
We are pleased to have acquired a c.105,000 sq ft office building (with ground floor retail) in Southwark for a joint venture with Maya Capital and AnaCap.
The new 64,000 sq ft, eight-storey hotel will be built on the site of the existing car park to the rear of the office building at 160 Blackfriars Road. The hotel has been pre-let to Ruby Hotels on a 30-year lease, subject to annually compounded upwards only rent reviews linked to CPI.
Dan Drury comments: “Delighted to have advised Maya Capital and AnaCap on this high profile London acquisition. The deal underpins our clients’ firm belief in the future of London and offers an exciting opportunity to deliver a brand new hotel as well as reposition the offices to provide high quality Grade A accommodation with a focus on tenant amenity, wellbeing and ESG credentials.”
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