Investor and developer Rocket Properties has refinanced its Linen Court development in London’s Shoreditch area with a six-year, £70m term loan facility provided by M&G’s Real Estate Finance team.
After two years of unprecedented challenges faced by real estate, Property Week compiled a range of experts, including Rocket Properties’ Chairman Tom Appleton, to share their predictions for 2022.
As 2021 draws to a close, EG looks back at a year of turbulence and opportunity for the capital, featuring the thoughts of Rocket Properties’ Chairman Tom Appleton.
Rocket Properties has completed the acquisition of One Fairchild, 201-207 Shoreditch High Street, E1 from Highgate Holdings. The pre-eminent gateway site in Shoreditch, One Fairchild is a prime mixed-use hotel and office development opportunity, located directly across from Shoreditch High Street station.
We pride ourselves in our dedication to creating, innovative, design-led, investments for our clients across London’s premiere locations. Our work has continued to push boundaries and develop over the years, and so we have developed a brand-new identity to match our forward-thinking approach.
The demolition of Crown House, the 1980s office building that formerly stood on the site of The Atlas Building, is now complete, with the building reduced to ground level. Due to start in July, the piling work will continue until the October and bulk excavation is expected to begin in November.
An Affordable Housing development for Islington and Shoreditch Housing Association has been completed at Kingsland Road, offering an affordable provision to the neighbouring Atlas scheme. The Atlas venture is being delivered by Rocket Investments and it will see the creation of an iconic, 40 storey residential development to provide a high specification private and affordable residential offering, as well as a generous public realm space for the whole community.
Responding to Property Week’s report on why East London areas such as Shoreditch and Spitalfields are outperforming the more traditional commercial addresses, Tom Appleton, director at Rocket Investments said:
Rocket Investment’s hotly anticipated residential scheme, Crown House has been named as The Atlas Building in reflection of its central and iconic position on the Old Street roundabout junction. With demolition work already on site to remove the existing 1980s office building, Atlas will stand proudly on the skyline at 152 metres tall, upon completion in 2019.