Native Bankside, London - SOLD

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In excess of GBP41,000,000 Date of Sale: February 2023
Rooms: 75
Property Id : 35873

Savills, on behalf of Macro Investments Limited, has completed the sale of Native Bankside, to Jastar Capital for a sum in excess of £41 million.

The former Victorian tea warehouse was carefully restored in 2018 and now comprises a 75 bedroom aparthotel along with two commercial units, located just moments away from the Tate Modern aworld-famous famous Shakespeare’s Globe Theatre. Today, Bankside is known for its world-renowned cultural attractions and entertainment venues, along with a dynamic residential neighbourhood and commercial destination for corporate and creative industries.

Frankie Wood, associate in the hotel capital markets team, says: “This is a beautifully presented aparthotel in a prime location in central London, surrounded by a diverse range of cultural attractions. It achieved strong demand from both domestic and international investors, who have been increasingly attracted to the resilience of the extended stay sector.”

Frankie Wood

Associate Director, Hotel Capital Markets
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