260,000 square feet
London, UK
Consortium
Acquired: October 1998
Status: Unrealized
Chelsea Harbour was developed in the late 1980s on 16.6 acres of prime riverside land and comprises commercial and residential elements.
The commercial elements include three major buildings, including The Design Centre, The Harbour Yard building and The Chambers totalling some 260,000 sq ft, a yacht club, hotel and marina. The residential element comprises the freehold interest in the landmark Belvedere twenty one storey tower and seven apartment blocks, which are held by the owner occupiers on long leases.
The property offered significant opportunities to enhance value by active management, notably through promotion of The Design Centre, which is Europe's foremost specialist centre for the interior design industry and which currently has 68 leading companies located in it.
The investment represents a strategic investment in a key London location, which has potential for a rental and yield re-rating following a number of new developments in the immediate area.
http://www.chelsea-harbour.co.uk
