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Dominvs Group has purchased the Dutch government’s vacant embassy site in Nine Elms, situated next to the new £1 billion US Embassy. The Dutch government bought the site from Ballymore in 2013, with the intention of moving its embassy there by 2017; however, construction never started, and plans to sell the site were revealed last year.
Dominvs director Jay Ahluwalia has confirmed that the group intends to revise the existing plans for a 150,000 sq ft hotel on the site, which were drawn up by Ballymore in 2012 as part of its 15-acre regeneration scheme Embassy Gardens.
While director Preet Ahluwalia has said, “In such a key location within the Nine Elms regeneration area and moreover in terms of London’s development story, the site presented us with the perfect opportunity to add to our growing development pipeline and to our fledgling corporate-focused London hotel portfolio.”
This newest purchases makes a significant addition to Dominvs’ portfolio of UK hotel development sites. The firm has around 3,000 rooms currently under development across the country.
This news was brought to you by Morgan Pryce, a specialist tenant acquisition agent with offices in Oxford Circus and the City. Morgan Pryce specialises in search, negotiation and project management and works exclusively for tenants.