Two well-located freehold assets in Central London acquired in line with our strategy of seeking income producing opportunities with asset management and development potential, and to exploit the long term demand for the prime residential London market.
We understood the potential that other purchasers hadn’t seen – the opportunity to convert two substantial but obsolete office buildings to residential use.
Nestled between some of London’s most prestigious neighborhoods, the area was due to beneﬁt from the signiﬁcant development works in Victoria and enhancement of Victoria Station. The properties offered the opportunity for conversion to residential with supporting local planning precedents and we projected considerable in-fill potential to create a sizeable residential scheme.
To deliver our vision we selected a market leading project team, led by award-winning architects SimpsonHaugh. We achieved full planning permission for the demolition of the existing premises and construction of 14 luxury residences, including a wellness centre and 14 secure underground parking spaces.
We exited from this investment in early 2016 at the peak of the market to maximise returns.