Our Approach

The site had planning consent for a 4 or 5-star hotel along with business centre. Jansons acquired the site unconditionally and renegotiated the planning consent to include retail accommodation on Southbridge and adapted the design for a pre-let to Ibis on a long-term lease setting up the opportunity for the scheme to be forward funded by one of the LaSalle funds.

The Development

The project involved the re-development of this UNESCO World Heritage site in the old town of Edinburgh to create a mix of uses including an Ibis Hotel, a Sainsbury Local Store and a Costa Coffee.

It also included the reinstatement of the former Belle Angelle nightclub which had been destroyed in a major fire in 2002.

New public realm spaces were created to link Cowgate to South Bridge.

Key Contacts

ANDY JANSONS
Managing Director
andy@jansonsproperty.com
Read Andy’s Bio
PAUL NASH
Construction Consultant
paul@jansonsproperty.com
Read Paul’s Bio

Related Case Studies

35m

Total GDV(£)

27,000

Total Area(sq.ft)

309

Guests Rooms

Travelodge, Bath Road, Heathrow

700 BATH ROAD, HOUNSLOW

The project comprised the demolition of an existing office building and the construction of a new 7 storey, Travelodge Hotel using a modular system developed by CIMC Modular Building Systems…

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132,267

Total Area(sq.ft)

222

Guests Rooms

Virgin Hotel

Victoria St, Edinburgh

A classic example of Jansons site assembly. The India Buildings comprised a receivership sale of a prominent rare building in the old town of Edinburgh...

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10m

Total GDV(£)

43,500

Total Area(sq.ft)

160

Guests Rooms

10m

Total GDV(£)

43,500

Total Area(sq.ft)

160

Guests Rooms

10m

Total GDV(£)

43,500

Total Area(sq.ft)

160

Guests Rooms

10m

Total GDV(£)

43,500

Total Area(sq.ft)

160

Guests Rooms

Edinburgh Business Park, Edinburgh

Edinburgh

Site identified for a hotel being opposite the future planned stop for the tram. A one acre site purchase from Miller PLC and Edinburgh City Council.

The development was pre-let to Accor for a 160 bedroom Ibis Hotel. This was on the basis of a 25 year full repairing insuring lease with 5 yearly compounded upward only rent review. Planning consent was achieved for this infill development in a prominent corner position. Subsequently AXA forward funded the development. Approximate GDV £10 Million.

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15m

Total GDV(£)

48,400

Total Area(sq.ft)

132

Guests Rooms

Premier Inn, Lavington Street

Great Suffolk St, London

Jansons identified a site owned by Unite which had consent for office development on a prominent corner of Lavington Street & Great Suffolk Street in Southwark...

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10m

Total GDV(£)

76

Guests Rooms

10m

Total GDV(£)

76

Guests Rooms

10m

Total GDV(£)

76

Guests Rooms

Chapel Street, Chichester

Chapel Street, Chichester

A very prominent and historic building located opposite Chichester Cathedral. The property comprised of an existing Post Office with upper parts in a strong corner position...

Jansons secured planning consent for a 76 bedroom hotel. Fully pre-let to Travelodge. The development comprised of the refurb of the upper parts over the Post Office and a new build extension along the return frontage.

The development also included four and a half thousand square ft of retail accommodation and underground car park. Travelodge pre-let the development based upon 25-year full repairing insuring lease with compounded 5 yearly upward only rent reviews.

Following completion of the construction phase, the ground floor retail unit was let to a restaurant. The subsequent investment was sold to the Co-Op pension fund.

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