A Case Study: The Regeneration of Archway Tower, Islington, London

Posted by Artisan Estate Management Limited on 11th June 2020 -

Our client had purchased a head leasehold interest that prohibited the use of the building for residential purposes.  Furthermore, London Underground had sold their ground rent to an investor meaning that they received zero income from the asset.

Careful negotiations allowed the acquisition of the ground lease; agreement with London Underground to relinquish the residential restriction & re-gear their lease; and planning permission to create the first private build to rent development in London for over 70 years. The asset management and development management transformed the asset value from £6 million to £60 million.

The development has also been instrumental in triggering the regeneration of Archway and has seen virtually full residential occupation since it was completed