UK: Boundary House on Jewry Street has been acquired for approximately £31m by Austrian hoteliers, Rudolf and Christian Ploberger from GR Properties UK Limited.
Gerard Nolan & Partners sourced the property as a potential mixed-use development comprising a 300-bedroom hotel with serviced offices. The development will appeal to workers in the city seeking short-term accommodation.
It marks Ploberger’s second investment in the capital. They previously owned Bow Street Magistrates Court in Covent Garden, and sold the site in 2016. It is now home to the NoMad London, the brand’s first site outside the US.
Asset manager C1 Capital has been appointed by the Ploberger’s to oversee the delivery of the project. Kristian Dijkstra, managing director of C1 Capital, said: “Boundary House offers a unique opportunity to create a mix-use development capitalising on the building’s central and convenient location for both corporate and leisure guests. We look forward to working with the Ploberger family to bring this exciting development to fruition.”