Endurance Land are pleased to confirm the acquisition of 86 Brick Lane in the heart of the vibrant Spitalfields area in close proximity to Liverpool Street and the City.
This development site currently comprises a supermarket with the benefit of a planning consent for a 101 bedroom hotel. Following the acquisition, Endurance Land have been looking to amend this consent, with advice from EPR Architects and GL Hearn Planning Consultants. The rational being to increase the number of rooms whilst reducing the envelope size. Endurance Land are working closely with a reputable hotel operator to meet their current requirements.
The opportunity, one of the last significant sites in this area, will see much needed investment and greatly add to the surrounding streetscape as well as offer much needed hotel accommodation to the areas local residents, business people and increasing number of tourists.
This acquisition is in line with Endurance Lands strategy to acquire assets with value add potential, within the core London market, the existing planning consent provides further comfort to underwrite this purchase.