Endurance Land and Osprey Equity Partners set for Spitalfields hotel

14/12/20135th May 2017

London, December 2013

Endurance Land are delighted to confirm Osprey Equity Partners as the Forward Funders for their 189 bed hotel scheme at 86 Brick Lane, pre let to Whitbread Plc.

Osprey Equity Partners is a privately held investment company focussed on providing its clients with real estate investment solutions and has agreed to forward fund the development project, the pricing being in the region of £30 million pounds.

Having acquired an option for the site which previously benefitted from a 101 bed hotel consent, Endurance Land have achieved a further planning consent for a 189 bedroom, Breeam excellent hotel. This has been specifically designed with future tenants Whitbread in mind for their new “hub” concept.

The successful funding of this project outlines the appetite for index linked assets in prime locations together with Endurance Land’s ability to “unlock” potential and deliver commercially viable products to this competitive market. The addition of 88 rooms to the scheme together with the identification and successful pre-letting has proved critical to achieving the commercial criteria to see this site developed.

Jonathan Fletcher of Endurance Land comments “we are very pleased to have completed the funding agreement and look forward to working with our new partners Osprey and we are particularly eager to get on site and deliver another exciting Breeam excellent product.”

Construction is due to commence in January 2014 upon Vacant Possession and is programmed to last 16 months.

JLLS and EC Harris advised Endurance Land.

Spitalfields Hotel, Brick Lane, London, E1 – Planning consent

12/07/20135th May 2017

London, 12 July 2013 – Endurance Land are delighted to announce the receipt of a “resolution to grant planning” at the above property for a 189 bed hotel.

Rare Romano-British sculpture unveiled at Museum of London Archaeology

02/01/20145th May 2017

Archaeologists were in a high state of excitement over the find, an extremely rare example of Romano-British classical art. Made of Cotswold limestone and dating from the late 1st or 2nd century AD, the sculpture was found six weeks ago, encased in mud at the bottom of a ditch beside a Roman road near Aldgate station in the City of London.

Spitalfields hotel acquisition

14/03/20134th May 2017

Endurance Land are pleased to confirm the acquisition of 86 Brick Lane in the heart of the vibrant Spitalfields area in close proximity to Liverpool Street and the City.