London, England
Fieldgate Street
- Location
- UK
Opportunity
Acquisition of an old warehouse and car-parking site with income in place and scope to unlock a higher-value residential use through planning.
Delivery
Ailon formulated the asset-management strategy and scheme design while maintaining income as planning for 350 units progressed.
Outcome
The investment illustrates planning-led value creation: protecting income while progressing a development proposition and exit route.
Acquisition of an old warehouse with carparking. Formulated AM strategy and scheme design to realise the property’s full potential. Maintained income throughout planning, secured lease upfront with Tesco, secured planning for 350 units and divested a ready to build scheme.
The property is located in heart of the East End and offers a range of en-suite rooms and studios along with social areas. Both the Aldgate East Underground station and Whitechapel Overground station are located in the vicinity. The property is located a 10 minutes walk from the London Campus of Coventry University.