PrimeResi.com - Editorial Highlights

INTERVIEW
Let’s start with the Holborn Links
acquisition in June. Why was this
such an important deal?
At £212.5 million, Holborn Links is the
largest London acquisition we have made
on behalf of our clients to date.
However, more importantly, the site represents
a fantastic investment opportunity
in a part of London that continues to be
underdeveloped and has huge potential.
We were instrumental in scoping the opportunity
and for the strategy to enhance
the quality of the overall site.
The portfolio was acquired on
behalf of Perez International; what
was Triangle’s role and how long
did the process take?
Triangle was responsible for the sourcing
of the investment concept, the scoping
of the development opportunity, the liaison
with investors and for negotiating the
completion particulars. The process took
in excess of nine months, which included
around a six month time period from
exchange to completion.
We hear the portfolio’s future
development will be managed by Triangle
Group. Are there any plans to
develop or increase the residential
element?
The portfolio will indeed be managed
and further developed by Triangle Group
on behalf of its investors. The development
plans are currently under review so
at this stage we are quantifying the extent
to which it may include a more substantial
residential element.
At the time, you mentioned; “this
strategic acquisition is a consequence
of our international clients
seeking to grow their presence in
London.” How would you describe
the current international appetite
for London property?
The appetite from international investors
for both residential and commercial
property in London continues to
be strong. London still represents great
investment opportunities that will deliver
excellent long-term value, in a secure
environment.
Will the Group be looking to acquire
any other similarly high-profile
portfolios or resi sites in the
near future?
Yes. We are always on the look-out for
good investment opportunities that meet
our clients’ investment criteria. There
continue to be a lot of exciting opportunities
in the London market, and beyond.
What type of joint ventures can we
expect to see from the Group over
the next few years? What kind of
partners might you be looking for?
They might not always be joint ventures,
but it’s important for Triangle to continue
to build strong partnerships that allow
us to operate at the highest level. We will
continue to seek partners to support us on
future deals particularly in the property,
legal and financial services sectors. The
evolution of profitable long term investment
partnerships is core to the ethics of
Triangle Group.
this is just a small selection of highlights from August’s features on PrimeResi.com
there are more interviews & profiles at www.PrimeResi.com/features/interviews
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