Far East Orchard launches repurposed Westminster Fire Station in Central London for sale
SINGAPORE – Singapore-listed home business Far East Orchard has actually been investing in the UK since 2015. Its portfolio mostly contains purpose-built pupil lodging. To date, it has actually collected a profile of 3,561 beds in cities like Brighton, Bristol, Leeds, Newcastle upon Tyne as well as Sheffield.
Beyond its profile of purpose-built student real estate in the UK, Far East Orchard has one valued treasure of a building in Central London: The former Westminster Station house, a red-brick Edwardian-era framework built in 1906, and a Quality II-listed structure.
Far East Orchard acquired the structure for GBP9.4 million in 2016. “The abundant heritage of the Westminster Station house is fascinating as it presided over a number of specifying minutes over the years,” states Alan Tang, group CEO of Far East Orchard.
To the south of Westminster is the River Thames, with the historic City of London to the eastern and Kensington and Chelsea to the west. An affluent borough that consists of Mayfair, Soho as well as Paddington, Leedon Green, Westminster is home to the renowned landmarks of Big Ben, the Houses of Parliament, and also the London Eye.
Westminster’s prime area has actually made it one of the unique domestic addresses in London, states CBRE UK in its Location Guide record on Westminster in January, including: “Westminster is among both London districts that can flaunt a ‘city’ standing.”
As soon as a crucial arm of the Metropolitan Fire Brigade, the Westminster Fire Station was deactivated in 2014. Having actually purchased the residential property in 2016, Far East Orchard worked together with London-based property development monitoring business Alchemi Group, building firm Openstudio Architects, and also interior design company Workshop L, London, in conserving as well as repurposing the previous station house into a deluxe growth with 17 shop homes, each with a one-of-a-kind design.
“We believe the terminal is a pointer that the past strolls together with the here and now, through the modifications around Westminster, as well as the redevelopment of Westminster Station house,” states Far East Orchard’s Flavor.
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