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20 St. Mary-at-Hill, London, EC320 St. Mary-at-Hill, London, EC320 St. Mary-at-Hill, London, EC320 St. Mary-at-Hill, London, EC3

20 St. Mary-at-Hill, London, EC3

Change of use from office to hotel, pre-letting to a major operator and forward sale of the development.

  • Address

    20 St Mary at Hill, London EC3

  • Size

    36,000 sq ft

  • Project

    • Vacant 1970’s office building
    • Planning consent obtained for change of use and significant extension to provide a new 183-bed hotel
    • Redevelopment around the original frame to include four additional floors, re-cladding of all elevations and a turn-key fit out of the hotel .
  • Success

    • Pre-letting to Whitbread plc on a new 35 year FRI lease with index-linked rental uplifts
    • Pre-sale of the investment at a landmark price to a UK Pension Fund
    • Creating value through successful planning, design, pre-leasing and forward sale, significantly de-risking the project.