Malborough House, Bristol

GDV: £22m

Nr of Units: 106

Status: Sold

This 1980’s office building, on a short lease to AXA PPP Healthcare and producing a net yield of over 16% was acquired in partnership with a UK Pension Fund.

We developed a planning strategy’s to secure permitted Development Rights for residential conversion. This was quickly followed by a detailed planning application for the extension to provide a total of 106 apartments including 6 affordable.

Located in the heart of Bristol, close to the Bristol Royal Infirmary and the University of Bristol.  The project was designed with first time-buyers, students and ley works in mind.

Significant developer-operator demand was identified for a rental based development that led to the building being sold with the benefit of the detailed planning consent to a specialist student accommodation developer-operator.