• 160 Blackfriars Road in the sought-after Southbank
• 106,000 sq ft office and ground floor retail building
• 64,000 sq ft, 8-storey consented hotel scheme
The property includes a 106,000
sq ft office and ground floor retail building currently 50% let, as well as adjacent land for a consented hotel scheme. Maya and AnaCap intend to carry out significant refurbishment of the existing office building and development of the hotel, bringing the total investment to over £125m. The development scheme, already consented by Southwark Council, consists of a 64,000 sq ft, 8-storey hotel and an affordable workspace.
Maya Capital has an extensive track-record with offices in the UK, having purchased 14 assets over the last few years as part of its UK regional office strategy. Southbank, one of London’s most sought-after submarkets, is a fitting location for the firm’s first transaction in the capital, in partnership with AnaCap. Southbank is a vibrant cultural hub that provides good access to the City and is increasingly popular with occupiers.
This acquisition gives Maya and AnaCap the opportunity to embark upon an intensive asset management scheme, that includes the creation of a high-quality office building, affordable workspace, public amenity space and a brand-new hotel.
“We are delighted to announce our first acquisition in London and are looking forward to working with AnaCap on this exciting mixed-use scheme where we see a substantial investment opportunity. The entry into London marks our belief in the resilience of the London office market and ability of Grade A, ESG-focused office offerings to outperform the market. We are also keen to engage with our tenants, the Southwark Council and the local community to invest in this asset and deliver on our ambitious plan.”
“This acquisition is part of our strategy to invest in well-located assets in core European cities with strong value2add potential. Specifically, the transaction illustrates our conviction that fully refurbished Grade A offices targeting the highest ESG standards should prove attractive to tenants in a post-Covid context, whilst the future hotel will bring long-term value to our scheme and the wider community. This is our first transaction with Maya Capital and we are looking forward to deploying more capital with them in the future.”
The buyers were advised on the transaction by Levy Real Estate.
Powerscourt (for Maya Capital)
Justin Griffiths / Victoria Heslop
+44 20 7250 1446 / email@example.com
EQ (for AnaCap)
+44 (0)20 7223 1100 / +44 (0)7912 508 322
About Maya Capital:
Maya Capital is a European real estate investment firm that elaborates dedicated niche investment strategies for its investors. Maya Capital has an entrepreneurial and hands-on approach, driven directly by the strong involvement of its principals. Over the last few years, Maya has deployed c.£300m of capital in UK and c.€65m in Portugal. Maya focuses on sophisticated strategies, and value creating initiatives including asset repositioning, financial structuring, and intensive asset and property management. Maya seeks opportunities resulting from special situations such as short leases, capex intensive assets or time-constrained purchases.
About AnaCap Financial Partners
AnaCap is a leading specialist mid-market private equity investor, investing through complementary Financial Services Private Equity, Credit and direct Real Estate strategies across Europe.
Since 2005 the firm has raised €5.2 billion in gross AUM and completed over 100 primary investments across its strategies in 16 European jurisdictions and India. We operate out of 7 offices in London, Luxembourg, New Delhi, Mumbai, Milan, Madrid and Lisbon.
Our name, AnaCap, defines our investment approach: ‘Analytics before Capital’. Our investment decisions are founded on a disciplined, operational and data-driven investment approach with support from Minerva, our digital proprietary intelligence platform.
Leveraging our deep expertise as Financial Sector investors, owners and operators, we are an active investor and generate value in Private Equity through our intense operational engagement model and carefully calibrated M&A programmes. Similarly, in both our Credit and Real Estate strategies, we combine specialised in-house investment expertise with an active asset management approach focused on working with best-in-class servicing and operating partners tailored to each investment, using data intelligently throughout the entire investment life cycle.