Real estate investment manager has acquired a portfolio of 126 leisure and residential units in prime London neighborhood, St John’s Wood. Value creation strategy in place to invest in the assets and revitalise the retail parade. Strong investor demand demonstrated by oversubscribed equity raise
Real estate investment manager, Aprirose, has completed on a significant acquisition of a mixed-use portfolio in St John’s Wood, London as it scales up its investment activities.
The portfolio comprises 32 retail and 75 residential units, with 19 car parking spaces.
An affluent central London village, St John’s Wood is a highly sought after, prime and iconic location flanked by Regent’s Park, Primrose Hill, Marylebone and Maida Vale and close to key attractions and prestigious educational facilities. The high street has already undergone a substantial transformation in recent years and is set to further benefit from the launch of St John’s Wood Square on the site of the former barracks in 2028. It attracts strong footfall from the local community and visitors alike thanks to its unique architecture, village feel, copious green spaces and proximity to Central London.
Aprirose has already begun implementing its value creation strategy focused on investing in the estate to improve the rental tone from tenant mix and lease regears to further drive footfall and create a destination high street, as well as improving and refurbing the upper residential floors.
Suraj Shah, Head of Capital Raising at Aprirose, said: “St John’s Wood is a one-off asset that has huge appeal but with plenty of opportunity to add value and further prestige to its offer. Aprirose has a unique advantage in doing deals like this because of our in-house asset management and debt teams meaning that when the right opportunity comes along, we can galvanise and line up the right stakeholders swiftly, which is what happened with St John’s Wood. This is a fantastic deal for everyone involved – most importantly the residents, tenants and customers of the high street. We’re looking forward to delivering our asset management plan with some exciting news to come – watch this space!”
Ajay Patel, Director of Investments & Capital Raising at Aprirose said: “St John’s Wood is exactly the type of deal we and our investors want to be doing more of – income producing assets with a clear and highly deliverable, de-risked value creation plan. Our investors recognised the inherent value in the opportunity which was demonstrated by the fact that the equity was oversubscribed – a result we are delighted with in the context of the current market environment. We’re now fully focused on capitalising on the huge opportunities we have for the high street to rival other prestigious London destinations.”
Aprirose has been gearing up for acquisitions across all asset classes with a dual focus both on longer-term secure income and shorter-term value-add opportunities.
The portfolio comprises 32 retail and 75 residential units, with 19 car parking spaces.
An affluent central London village, St John’s Wood is a highly sought after, prime and iconic location flanked by Regent’s Park, Primrose Hill, Marylebone and Maida Vale and close to key attractions and prestigious educational facilities. The high street has already undergone a substantial transformation in recent years and is set to further benefit from the launch of St John’s Wood Square on the site of the former barracks in 2028. It attracts strong footfall from the local community and visitors alike thanks to its unique architecture, village feel, copious green spaces and proximity to Central London.
Aprirose has already begun implementing its value creation strategy focused on investing in the estate to improve the rental tone from tenant mix and lease regears to further drive footfall and create a destination high street, as well as improving and refurbing the upper residential floors.
Suraj Shah, Head of Capital Raising at Aprirose, said: “St John’s Wood is a one-off asset that has huge appeal but with plenty of opportunity to add value and further prestige to its offer. Aprirose has a unique advantage in doing deals like this because of our in-house asset management and debt teams meaning that when the right opportunity comes along, we can galvanise and line up the right stakeholders swiftly, which is what happened with St John’s Wood. This is a fantastic deal for everyone involved – most importantly the residents, tenants and customers of the high street. We’re looking forward to delivering our asset management plan with some exciting news to come – watch this space!”
Ajay Patel, Director of Investments & Capital Raising at Aprirose said: “St John’s Wood is exactly the type of deal we and our investors want to be doing more of – income producing assets with a clear and highly deliverable, de-risked value creation plan. Our investors recognised the inherent value in the opportunity which was demonstrated by the fact that the equity was oversubscribed – a result we are delighted with in the context of the current market environment. We’re now fully focused on capitalising on the huge opportunities we have for the high street to rival other prestigious London destinations.”
Aprirose has been gearing up for acquisitions across all asset classes with a dual focus both on longer-term secure income and shorter-term value-add opportunities.
