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Hotel, Waterloo

An unconditional purchase from the NHS Trust of the former General Lying Inn Hospital and neighbouring Nurse Accommodation Building in Waterloo for £11,000,000. Planning consent was achieved for the demolition of the Nurses Accommodation Building and the erection of a 16 storey tower and change of use for the General Lying Inn Hospital to hotel use. The total development comprises of 98,000 sq. ft. and a pre-let has been achieved with Whitbread PLC for a Premier Inn hotel. We closed a forward funding deal in December 2010 at £36,500,000 with a syndicate through Jones Lang Corporate Finance. Pratical completion of the construction phase occurred in January 2013 and the hotel is one of Whitbreads flagships and premier performer.

 

GLI