London Green and Orlandis Capital cruise into Crossharbour with £18m acquisition of Docklands site

Leading residential developer and investor, London Green, and joint venture partner, Orlandis Capital, have purchased Boatmans House, a 53,000sq ft office building, in London’s Docklands for £18m.  Octopus Property have provided senior debt with all parties being advised by, Mantra Capital.

The waterside property already has approval under permitted development rights for conversion to 63 residential apartments.  London Green will seek to intensify the number of units on the site and are targeting a £50m+ GDV with proposals being worked up for a high-end scheme comprising a mix of micro-units and standard sized accommodation. 

The works, which will include a replacement of the existing facades, are expected to commence in late 2019 with practical completion occurring in Spring 2021.  The scheme will benefit from the extension of the government’s Help to Buy scheme as announced in the recent budget. 

Joe Green, Director of London Green, comments: “We’re delighted to have made our first acquisition with Orlandis and are excited about delivering a differentiated product that will really open up the area for buyers currently priced out of the Docklands.”

Andrew Chrysostomou, Managing Director of Orlandis Capital, commented: “Our joint venture with London Green exemplifies the Orlandis goal of partnering with best in class residential developers where our experience, as well as our capital can add strategic value in unlocking complex real estate opportunities.”

Nick Neophytou, Managing Director of Mantra Capital commented; “We were delighted to be asked to advise London Green and Orlandis on what is going to be a fantastic project. Octopus Property were a pleasure to deal with on an acquisition that wasn’t without its challenges.”

For further information and to speak to the sales team please visit www.londongreen.com or call 020 7355 0530

Public Consultation set to begin on Prospects House!

Public consultation for the redevelopment of Prospects House in Bromley town centre will take place on the 10th…

4 September 2020 Read more

Final units remaining at Glassworks

Glassworks – our stunning development in Bromley is almost sold out with our final two-bedroom units available. With…

1 June 2020 Read more

Dock East Construction Begins

Construction has begun on our Crossharbour development Dock East, with completion expected Q4 2021. Register your interest on…

24 March 2020 Read more

Dock East launches

Following the success of the overseas tour of Dock East – our latest development of 108 units in…

24 August 2020 Read more