Ziser London acquires Fulham Town Hall for hotel conversion

Amy Horsfield By Amy Horsfield
06 February 2019 | Updated 08 February 2019

UK: BBS Capital has arranged a loan with OakNorth, for private family office Ziser London, to acquire the landmark Fulham Town Hall

This will support its planned transformation into a hotel, restaurants, event space and a spa.

OakNorth has provided £10 million which will be used to fund the acquisition of the Grade II star listed 51,350 square foot building from a private vendor, after which Ziser London will undertake the planning and pre-letting process. A development finance facility will then be arranged in due course.  

Located on London's Fulham Road, Fulham Town Hall was built between 1888 and 1890 and extended between 1904 and 1905, for a cost of £30,000 at the time.

Joanne Barnett of BBS Capital, said: "Our excellent working relationship with OakNorth was key to closing this deal for our client. Arranging the finance had the potential to be challenging, because planning permission to transform Fulham Town Hall into a hotel has not yet been granted. However, OakNorth understood the vision and opportunity enabling us to secure funding to support the purchase of the property for our client." 

Priya Harley, debt finance director at OakNorth, added: "Ziser London has an extensive track record in investing and developing London based residential and commercial properties, in particular ones with architectural significance or a unique heritage. Once completed, this site will be a landmark property in London, so we're delighted to be assisting the team and look forward to working with them on additional projects in the future."

In 2018 BBS Capital helped its clients finance £1.37 billion of property deals across multiple sectors, and transacted with 25 different lenders to arrange investment, development and short term finance. The Mayfair based firm operates in the UK and Western Europe.  

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