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UK: Native Land has formed a joint venture with a private Singaporean investor to acquire and operate residential assets in prime central London locations.
The JV has launched with the acquisition of Eliot House, a new block of 104 homes at Royal Warwick Square in Kensington. The joint venture secured a virtual freehold through the acquisition of a 987-year leasehold for an undisclosed price.
Completed in 2023, Eliot House is part of phase two of the Warwick Road Masterplan, and was delivered by St Edward – a partnership between Berkeley Homes and M&G.
The 104 one-, two- and three-bedroom apartments all feature balconies and terraces. Amenities include a swimming pool, cinema room, gym, spa treatment rooms, steam and sauna facilities and 20 underground car parking spaces.
The partnership is actively seeking further opportunities through investments in well-located residential assets with strong long-term fundamentals.
Alasdair Nicholls, chief executive of Native Land, said: “Native Land is a trusted London-focused co-investment and development partner, with a sector expertise and track record of identifying and delivering value from prime residential opportunities. The formation of this joint venture reflects international confidence in London as one of the world’s most attractive and resilient residential investment markets, supported by strong long-term fundamentals and enduring appeal. Eliot House is an outstanding first acquisition and embodies many of the characteristics we will seek in future opportunities. We see significant opportunity in a market characterised by strong occupier demand, diminishing future supply and increasing demand for high quality rental accommodation.”
Highlights:
- Native Land has formed a joint venture with a private Singaporean investor to acquire and operate residential assets in prime central London locations
- The JV has launched with the acquisition of Eliot House, a new block of 104 homes at Royal Warwick Square in Kensington
- The 104 one-, two- and three-bedroom apartments all feature balconies and terraces
- Amenities include a swimming pool, cinema room, gym, spa treatment rooms, steam and sauna facilities and 20 underground car parking spaces
