ASK lends £18m for co-living scheme in West London
ASK’s client acquired the site and plans to obtain permission to convert the building into a 415-bed co-living scheme.
ASK’s client acquired the site and plans to obtain permission to convert the building into a 415-bed co-living scheme.
Fora says its occupancy rates at other London’s West End locations stands at over 90%.
Under Section 31, City Corporation cannot approve the development without secretary of state Michael Gove’s authorisation.
Sale price represents a 5% premium to the 31 December independent valuation.
Picton’s sale price represents a 5% premium to the 31 December independent valuation.
The annual pace of increase in London fell from 17.1% to 6.1%, the slowest rate for two years.
The deal comes after the sale between CLS and Australian developer Third.i collapsed early this year.
The Belgian firm has offered £378m to shareholders of London-listed Lok’nStore.
A new report says the fall reflects ongoing caution among buyers and sellers.
Investor buys Kensington and Chelsea asset let to high-end brands.