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Aviva Investors pays $130m for new London Docklands hotel
Transactions - JANUARY 15, 2020

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Aviva Investors pays $130m for new London Docklands hotel

by Released

Aviva Investors has acquired the freehold interest of a site in London through its Lime Property Fund for £106 million ($130 million/€124 million).

It is located next to Westferry DLR station. And developer Rockwell will build a 30-story Premier Inn Hotel on the site.

Whitbread, Premier Inn’s parent company and one of the United Kingdom’s largest hospitality companies, will take a 30-year lease of the hotel and restaurant, which will become the brand’s largest hotel in central London.

“This notable acquisition further demonstrates our proven track-record and supports our ambitious plans for the London hotel sector with the creation of more than 2,500 hotel rooms. In partnership with Whitbread, we are proud to deliver a landmark hotel that stands the test of time,” said Donal Mulryan, Rockwell’s founder.

The development is scheduled for completion in early 2022.

The Lime Property Fund is a long-income real estate fund with a net asset

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