Investor IP Global has bulk purchased 64 flats at Hilton’s Wharf in Deptford Creek, south London. The flats, which will not be completed for 18 months, are then likely to go into the group’s rental property portfolio.
The investment, estimated at £30 million by Property Week, has bought IP Global a mix of one, two and three bedroom apartments in the project, which is being developed by Glenageary Estates, part of the Durkan Group. The flats are selling off a value of around £600 per square foot.
IP Global has also recently purchased 8 flats at a development in Lovat Lane in the City of London. The block is a recent conversion from an office building, undertaken by Lucrum Holdings.