Patron Capital - Drury Lane

Our historic investments are listed below. Click for further details

Acquisition of a 5-floor, 39,446 sq. ft. building in Covent Garden, central London
Unusual building (for a period building on famous street in Conservation Area, Covent Garden) due to size, location, 3 independent elevator shafts and large floor plates. Original underwriting of office use with potential residential conversion
Patron determined alternate plan for student housing due to dramatic worsening of the office market and failure of local partner to convert existing office into residential
Planning authorities liked change of use and allowed additional 2 floors to the top, bringing total square footage to 46,000 sq. ft from 39,500 sq. ft.
Agreed all terms and signed for long term lease with the London School of Economics
Agreed and signed detailed fixed price contract for construction