Royal Arsenal London

Private Residential Sector – Re position to Co Live C1 Hotel – Strategic Land Acquisition and Planning Application

The 0.2 acre land parcel situated at Royal Arsenal London. The site is approved for 96,000 Sq ft of residential apartments over 12 storeys. A contract has been exchanged to acquire the property at a fixed strike of £13M. The asset has been identified as a micro apartment, extended stay opportunity. The advisor has submitted a pre application for C1 use and has a positive response for 270 studios. The site with approval and once delivered, has an estimated value ranging between £65m – £70m. Operator agreements are under negotiation with several Global Brands with exclusivity agreements pending execution. The site could be exited at planning approval as an alternative for £28.5M.

The site is held under a STPP contract, a planning application for 270 Micro Apartments for C1 use class has a potential Residual Land Value of £28.5M.