| ALBERT
BUILDINGS, QUEEN VICTORIA STREET, LONDON EC4 : |
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Originally built in 1871 this island block with its featured arcaded
Lombardic Gothic exterior and housing the famous City eatery 'Sweetings',
has been acquired in association with Orb Estates plc. It is proposed
to carry out a rolling program of refurbishment of the offices and
retail areas combined with construction of a new core and re-configuration
of the fifth and sixths floors.
When complete the building will comprise 14,600 sq.ft. of refurbished
offices and 5,400 sq.ft. of retail and ancillary accommodation having
an anticipated capital value of £11m. |
| Southgate: |
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[Click to Enlarge] |
42/50 Chase Side, Southgate
Originally purchased as an existing parade of five retail shops
with maisonettes over plus a large rear car park. Planning consent
has been obtained for a new build development of nineteen luxury
flats together with two large ground floor retail units and associated
parking. Construction is due to commence in March 2003, estimated
end value approximately £6m. |
| Hatton
Garden, London EC: |
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to Enlarge] |
The property originally comprised three vacant adjoining office
buildings of approximately 17,000 sq.ft. gross. After detailed
planning approval, works have commenced to create effectively
new build offices behind the facade of approximately 24,000 sq.ft.
gross, 20,600 sq. ft. net. The buildings will be fitted out to
a high quality contemporary specification offices suitable for
either single or multiple occupation.
The completed value is estimated at app£9m.
|
| Cheltenham: |
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[Click to Enlarge] |
Situated in the Montpelier area of Cheltenham the building
was origionally purchased vacant and in poor condition. Extensive
refurbishments have been carried out resulting in a modern high
tech office building of app 12,500 sq ft behind a restored Regency
Facade.
The building has an investment value of app £1.75m. |
| St Albans: |
| |
Purchased as a vacant disused cinema with a listed facade,
extensive negotiations have resulted in planning being obtained
for an exciting "art deco" new build office block to
be constructed behind the façade and incorporating an internal
atrium.
The building will comprise app 22,000 sq ft with 74 car spaces
and an investment value of app £6m. |
Hotel
Development: |
| A Joint Venture has
been setup working with a Public Company hotel operator to acquire
and develop a number of new-build "lodge" tyle hotels
situates on "A" roads or in close proximity to Motorway
junctions. The first 2 sites have been identified and purchase
contracts agreed subject to planning consent being obtained.
It is envisaged that construction will start March/April 2003. |
In addition the Group have a number of small commercial investments
as well as a substantial residential ground rent portfolio. Tenants
include, Kwik Fit, Department of Health and a number of private companies.
