Register Log-in Investor Type

Derwent London sells Wedge House for £33.5m

Derwent London has announced the sale of old Wedge House, 40 Blackfriars Road SE1, a 38,700 sq ft vacant freehold office building, for £33.5m before costs to Ennismore. Derwent, in collaboration with Ennismore, obtained planning permission this summer for a 110,000 sq ft hotel and office scheme at the site. Ennismore will now undertake the development and operate The Hoxton, Southwark – the 68,200 sq ft hotel that will comprise 192 rooms, a restaurant, conference space and a rooftop bar.  In addition there will be 41,800 sq ft of offices. Derwent has been retained as development manager during the construction of the project and will receive fees of £1.5m for the role.  Construction of the 15-storey scheme is due to commence early next year.

Derwent London sells Wedge House for £33.5m : DLN

Leave a Reply

Your email address will not be published. Required fields are marked *

Please review our cookie, privacy & data protection and terms and conditions policies and, if you accept, please select your place of residence and whether you are a private or professional investor.

You live in…

You are a…