AnaCap and Maya Capital acquire London office and hotel scheme for €147m
AnaCap Financial Partners and Maya Capital have completed the acquisition of 160 Blackfriars Road in London’s Southbank for €147 million ($170 million).
The property includes a 106,000-square-foot office and ground-floor retail building currently 50 percent let, as well as adjacent land for a consented hotel scheme. AnaCap and Maya intend to carry out significant refurbishment of the existing office building and development of the hotel, bringing the total investment to over £125 million (€147 million/$171 million). The development scheme, already consented by Southwark Council, consists of a 64,000-square-foot, eight-story hotel and an affordable workspace.
Maya Capital has an extensive track-record with offices in the United Kingdom, having purchased 14 assets over the last few years as part of its U.K. regional office strategy. Southbank, one of London’s most sought-after submarkets, is a fitting location for the firm’s first transaction in the capital,