The MRP Group and Saxbury are consulting with Glenwell Group on their recent acquisition of a prime Asset in London with huge redevelopment potential.
Situated on the edge of the square mile, Project Vogue at 92 Middlesex Street has recently obtained C1 planning approval and will soon be redeveloped to provide circa 93 units, with associated amenity space for efficient apart-hotel operations. The MRP Group and Saxbury will jointly conduct an operator search and selection process as the next step in the exciting regeneration of this asset.
The location benefits significantly from being on the fringe of The City of London and only a three-minute walk from Liverpool Street Station, a national rail and underground interchange. Project Vogue is perfect for business travellers visiting the city of London’s financial, legal and accounting firms, yet in recent years it has also become a vibrant destination for leisure travellers. Nearby Spitalfields market is firmly established as a 7-day a week destination attracting a diverse mix of visitors including tourists from the UK and abroad, Broadgate Circle and world-renowned restaurants are all close-by, as well as London’s largest vintage market on Petticoat Lane.
“This is a fantastic opportunity for operators to expand their portfolio in central London,” said Max Thorne, CEO, MRP Group. “The property is in a prominent location, with historically strong occupancy rates. Having undertaken operator searches and investment sales for nearby sites, we are confident that the potential for this property is exceptional.”
“The apart-hotel and serviced apartment sector in the UK is growing rapidly, as both business and leisure travellers recognise the benefits over hotels”, said Ben Davis, Director, Saxbury. “We are confident there will be robust operator demand for this opportunity”
The MRP Group is a leading consultant to the extended-stay market focusing on Serviced Apartments and Aparthotels. The group focuses and has extensive experience in advising, structuring, and transacting business agreements in the Serviced Apartment and Aparthotels industry. The firm has extensive property development experience in the UK, Europe, Middle East and Asia.
Saxbury is a specialist advisor and agent to the serviced apartment and apart-hotel market. Saxbury matches in-depth knowledge and a high level of service with the confidence to challenge outdated wisdom – with a fresh, consultative approach.
Office: 0207 030 3237