About Commercial Road:
- Property name – Commercial Road
- Location – Commercial Road, Aldgate London
- Number of units – 182
- Date opening – January 2019
- Planning consent – C1 Aparthotel
- Owner – Osprey Capital/QIA
This 21 storey development was originally intended to be a 270-unit hotel. Native was introduced to the opportunity by the investor to reimagine Commercial Road as a flagship aparthotel on the City fringes.
This site sits just on the boundary of Tower Hamlets, and is perfectly placed to meet the incredible accommodation and leisure demand of City workers and business travelers.
The business analysts at Native developed a comprehensive revenue model and thorough investment appraisal for the site. Following a competitive tender, we were appointed to provide consultancy, identify a funding partner and to ultimately manage the building. We have now developed a funding relationship with Osprey Capital.
We worked with Stock Wilson Croft Architects to completely reconfigure the original designs, changing it into a 182-unit aparthotel.
We are collaborating with the design team at Reef Estates, who is the development partner, and have been consistently involved in the on-going design and layout of the apartments, as well as the ground floor and amenity space.
Native will take over management upon completion and expect to drive strong demand in the area from corporate clients including UBS, Nomura, Accenture, RBS, Cognizant and PWC.
Take a look at other properties within our aparthotel portfolio.