Rockwell’s £106 Million Investment Deal With Aviva Investors

Gowling WLG’s real estate team has advised on the delivery of London’s largest Premier Inn Hotel.

Rockwell, a London-focussed mixed-use property developer, completed a £106 million investment deal with Aviva Investors to forward fund the delivery of a 400-bed Premier Inn hotel adjacent to Westferry DLR station.

Rockwell, a London-focussed mixed-use property developer, completed a £106 million investment deal with Aviva Investors to forward fund the delivery of a 400-bed Premier Inn hotel adjacent to Westferry DLR station.

Aviva Investors, the global asset management business of Aviva plc, has acquired the freehold interest of the site through its Lime Property Fund. Whitbread, Premier Inn’s parent company and the UK’s largest hospitality company, will take a 30-year lease of the hotel and restaurant, which will become the brand’s largest hotel in central London.

The 30-storey development will provide a gateway to Canary Wharf and is scheduled for completion in early 2022. In addition to a hotel, which will create hundreds of jobs, Rockwell will also deliver 66 new homes of which 35% will be affordable.

Members of Gowling WLG’s real estate team, led by partner Matt Walker (Picture) and senior associate Clare Swinnerton, advised Rockwell on the legal aspects of the transaction, with support from partner Mark Stephenson, senior associate Sarah Morris Poxton and associate Louisa McMurdo advising on construction.

Involved fees earner: Louisa McMurdo – Gowling WLG; Sarah Morris Poxton – Gowling WLG; Mark Stephenson – Gowling WLG; Clare Swinnerton – Gowling WLG; Matt Walker – Gowling WLG;

Law Firms: Gowling WLG;

Clients: Rockwell Property;

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