Retirement group gains funding from Hermes for £260m north London scheme
Marstead Living’s first retirement scheme will see 175 homes built on the site, called Marstead Mill.
Marstead Living’s first retirement scheme will see 175 homes built on the site, called Marstead Mill.
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.
Picton’s sale price represents a 5% premium to the 31 December independent valuation.
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.