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London property developer Anthology has purchased two new prestigious sites in the capital, increasing its portfolio to more than 1,600 units.
The first new acquisition is part of a project to construct more than 300 homes and 60,00 sq ft of commercial space in Stratford. The 2.7-acre site — a former smelting works which has been named Anthology Stratford Mill — is ideally located next to Pudding Mill Lane DLR station and was purchased from commercial property specialist Workspace Group for £15 million.
The second new acquisition is a 1.75-acre vacant care home site situated in Elephant and Castle, which Anthology purchased from the South London and Maudsley NHS Foundation Trust.
Both sites were acquired through competitive tenders: Montagu Evans acted for Workspace and Savills acted for South London and Maudsley NHS Foundation Trust.
Adam Gaymer, executive director of Anthology, has said of the deals: “We’re delighted to have acquired these two new sites, both of which have such rich history. The heritage of any area where we are working is always at the heart of our projects. It’s the way we approach all our developments across the city…These acquisitions are in-line with our land strategy and will allow us to continue creating much needed homes across the Capital. We are looking forward to working with the local authorities, the local communities and all stakeholders to design and deliver sustainable developments which will embrace all aspirations.”
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.