Rocket Properties has acquired a mixed-use development in London from hotel investor Highgate Holdings.
The UK mixed-used specialist developer as bought One Fairchild, a hotel and office development project at 201-207 Shoreditch High Street.
Highgate acquired the site in 2015 and received planning consent in 2016 for a mixed-use scheme. Rocket Properties said it would announce further plans for the site in due course.
Andrew Hawkins, director of Rocket Properties, said: βOne of the most sought-after development opportunities in Shoreditch, we are thrilled to have secured One Fairchild, which is an exciting addition to our growing pipeline of new projects.
βWe are firm believers in Londonβs vitality and its enduring success, and this acquisition is proof of our commitment. We are looking forward to working with the London Borough of Hackney and the local community to maximise the potential of this vital location.β
The development site βis situated in a pivotal location in in the heart of Shoreditchβ, said Marsha Rabinovich, director of Kauffmans, acting on behalf of Highgate.
βWe are seeing resilient demand from occupiers seeking grade-A accommodation in the area and are excited about the prospect of bringing the site forward.β
