London’s Boundary House sold to hoteliers Boundary House on Jewry Street has been acquired for approximately £31m by Austrian hoteliers, Rudolf and Christian Ploberger from GR Properties UK Limited.
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.”
New Covid-19 rules allow parents to stay in hotels The change in regulations follows on from a campaign made by ex-BBC journalist Tom De Castella, who told the BBC that the worst part of the pandemic was being unable to see his daughter
The government has changed Covid-19 rules to allow parents to stay overnight in hotels so they can visit their children who live elsewhere, according to the BBC. Previously, co-parental visiting during the lockdown in England was allowed, however with the new tiered enforcements, parents were unable to visit their children that live far away. The new use of staying in a hotel reportedly came into effect on Boxing Day, and now can be applied regardless of the tiered lockdown restrictions in England.
Hotelier & Hospitality Design
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.
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