By Riya Makwana2021-04-22T00:00:00+01:00
Acting on behalf of its Managed Property Fund, LGIM Real Assets has acquired Yotel London Clerkenwell for £70m from administrators James Cowper Kreston.
The hotel at 96-100 Clerkenwell Road will continue to be occupied by Yotel under a long-term management agreement.
Yotel London Clerkenwell is Yotel’s first London hotel and comprises 212 cabins, a restaurant, a co-working space with food services, a gym and a snack bar.
As well as the hotel, the property offers 3,000 sq ft of retail and five apartments covering 5,000 sq ft. The building has BREEAM ‘Excellent’ and EPC ‘A’ ratings.