A significant 0.77 acre site off Wapping Lane, this refurbishment opportunity lies in the shadow of the former News International site, now Berkley Home’s London Dock development. MHA acquire the site for its asset management improvement and/or change of use to office or residential. Situated in an area of major regeneration with more than 100,000sq ft of retail and leisure amenity in the pipeline, the site has been described as an animated retailing pitch with high footfall linking Pennington Street to Thomas More Square, St Katharine’s Docks and of course The City.
“This deal was a real case of us putting our money where our mouth is. A relatively risky buy with lots of potentially problematic asset management we were completely won over by the potential of the area and it’s turned out to be a great asset management play for us.”