Overview
| Location | Paddington, London |
|---|---|
| Purchase price | £201.4m |
| Reasons for buying | Acquisition of a long leasehold interest in a development site in Paddington and subsequent forward funding of a c.617-room hotel pre-let to Premier Inn and Staycity. The property was let on two 30-year FRI leases subject to five yearly rent reviews linked to CPI compounded annually with a 0-4% collar. |
| Timing | January 2019 |
