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Foxtons founder granted planning permission for Shoreditch hotel

Foxtons founder granted planning permission for Shoreditch hotel
14th February 2019

Foxtons founder granted planning permission for Shoreditch hotel

Development company Ocubis, owned by Foxtons founder Jon Hunt, has secured planning permission to construct a new 145-room hotel on 49–51 Paul Street in East London’s trendy Shoreditch area.

An extremely successful businessman in London, Hunt sold estate agency Foxtons for £375 million just before the credit crunch, and this significant new investment comes despite continued speculation that Brexit will have a negative impact on the London market in the coming months.

Talking about the deal, Hunt said: “Shoreditch has recently become a destination of choice for tech companies together with a wide range of start-ups and this, coupled with demand from younger tourists, makes this a good place to construct and open a hotel.” 

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