This transaction was carried out under Alpha Real’s Index Linked Income Fund (ILIF), which focuses on long-income real asset investments. The London Real Estate team was led by partners Andrew Jenkinson and Sarah Cunningham, together with senior associates Maria Abesamis and Kalvinder Sangha, and supported by tax associate Harrison Stimson.
The purchase of commercial ground rents forms a key part of Alpha Real’s ILIF strategy, due to their long-term income generating capabilities and value. Alpha Real has invested over £1.4 billion across over 500 properties through the ILIF over the past few years, with around £600 million of this invested over the past year alone through commercial ground rent acquisitions.
The Grange Hotels portfolio is owned by Queensgate Investments, and leased to the Fattal Hotel Group, which will be rebranding the Grange City and St Paul’s hotels as part of its luxury Leonardo Royal portfolio. The Holborn Grange will be rebranded to become the Fattal Hotel Group’s first Nyx property in the UK.
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