Maya Capital and AnaCap join forces for £125m Southwark offices and hotel
Maya Capital and AnaCap Financial Partners have completed the purchase of 160 Blackfriars Road SE1, for a new office and hotel scheme in Southwark.
The pair will invest more than £125m in refurbishing the property, which comprises a 106,000 sq ft office and ground-floor retail building that is 50% let as well as adjacent land for a consented hotel scheme.
The development, already consented by Southwark Council, consists of a 64,000 sq ft, eight-storey hotel and an affordable workspace.
Maya Capital and AnaCap Financial Partners have completed the purchase of 160 Blackfriars Road SE1, for a new office and hotel scheme in Southwark.
The pair will invest more than £125m in refurbishing the property, which comprises a 106,000 sq ft office and ground-floor retail building that is 50% let as well as adjacent land for a consented hotel scheme.
The development, already consented by Southwark Council, consists of a 64,000 sq ft, eight-storey hotel and an affordable workspace.
It marks Maya Capital’s first acquisition in London, having bought 14 regional office properties over the past few years.
The duo said the acquisition will give Maya Capital and AnaCap the “opportunity to embark upon an intensive asset management scheme”.
David Pralong, managing partner of Maya Capital, said: “The entry into London marks our belief in the resilience of the London office market and ability of grade-A, ESG-focused office offerings to outperform the market.”
Sebastien Wigdo, managing director at AnaCap Financial Partners, said: “This acquisition is part of our strategy to invest in well-located assets in core European cities with strong value-add potential.
“Specifically, the transaction illustrates our conviction that fully refurbished grade-A offices targeting the highest ESG standards should prove attractive to tenants in a post-Covid context, whilst the future hotel will bring long-term value to our scheme and the wider community.”
Levy Real Estate advised on the purchase.
To send feedback, e-mail pui-guan.man@eg.co.uk or tweet @PuiGuanM or @EGPropertyNews
View more deals in Southwark on Radius >>
