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Following the receipt of consent for 291 bedroom hotel, Endurance Land and their partners Scottish Widows, have now entered the construction phase of this exciting, new hotel development.
Endurance Land is currently working on plans with GE Real Estate to review the potential change of use to this Grade II listed property.
Endurance Land has been appointed by Scottish Widows Investment Partnership (SWIP) as the Strategic Development Partner at Halsbury House, located on Chancery Lane. The prominent property is situated in the heart of mid town and is directly next door to the current Derwent London scheme at 40 Chancery Lane.
London, 14 June 2012 –Endurance Land announced that they have recently been granted planning consent for a 291 bed hotel in the City of London.
Endurance Land are pleased to announce the sale of 115 Southwark Bridge Road, London SE1 to Henderson Global Investors.
A new 258 room hotel scheme has been approved for the City’s eastern fringe, promising the novelty of both a green wall and roof, and exterior cladding in kitchen worktop material Corian.
Traditionally, Farringdon was regarded as a fringe London market, off the radar for many institutions. But as the capital’s infrastructure network is revamped, developers are taking note. The area looks set to be a major beneficiary of London’s transformed transport network, being the point at which the London Underground, the £16bn Crossrail system and the upgraded Thameslink overland rail network will meet.
The area on way to achieving rental highs of 2007. Clerkenwell reached a rental zenith four years ago when DSA Engineering paid £45/sq ft for 3,500 sq ft at 77-79 Farringdon Road. It seemed that the area had come of age.
Funds and property companies bought from private owners, but then rents started to slide back to the mid-£30s/sq ft when the downturn began. It is time to test the traditional Clerkenwell market again. Earlier this week, LaSalle Investment Management achieved practical completion on 2 Pear Tree Court, a refurbished warehouse just off Farringdon Road, north of Clerkenwell Road.
Warner Estate has sold 24/26 Minories in the City of London to Scottish Widows Investment Partnership and Endurance Land for £5.2m.
SWIP Property Trust and Endurance Land announce they have acquired the freehold interest in 24-26 Minories London EC3. The purpose built office building comprises five floors of office space and ground floor of retail is located in the city of London close to Aldgate tube station.