ActivumSG, on behalf of ActivumSG Fund VII, working with Global Hospitality Investment Group, announced the acquisition of Sutton Point, a hotel-led mixed-use asset in Greater London, for £21 million ($27 million).
Upon closing, the non-hospitality elements (residential, retail and freehold interest) of the scheme were sold in multiple back-to-back disposals. This derisked the transaction and allowed for the retention of the two hotels (a 99-key Ibis hotel and a 59-key Adagio aparthotel), where ActivumSG will leverage its expertise investing in hotels and hotel operators to enhance their value. The retained hospitality assets were financed with an attractively priced senior loan provided by Leumi UK.
Sutton Point is located adjacent to Sutton train station, which provides access to central London in under 30 minutes via the Thameslink and Southern railway lines.
The site was originally developed in 2019–2020, with a third party forward purchasing the build-to
