The investment proposition: Opportunity to partner with Reef Group who have undertaken extensive occupier diligence and fielded significant interest. Forecast ungeared project IRR of 28% over a 3-year programme to completion as early as 2027. Reef Group are flexible in their partnership approach with funders and would welcome discussions on all basis including a speculative build and forward funding.
Key facts:
The re-development of Cavendish Square will provide a 280,000 sq ft centre of excellence for wellbeing and healthcare optimally located it is at the gateway to Harley Street, between Oxford Street and Regent Street. Bounded by world leading health and care institutions including Royal Society of Medicine, Royal College of Nursing, Royal Marsden Private Care, Kings Fund and HCA Healthcare UK HQ, the development will facilitate an unparalleled quantum of purpose built medical accommodation suitable for modern day technology and healthcare, with 8 metre floor to ceiling heights, 80,000 sq ft floor plates with 35 metre clear spans. A sustainable, net zero carbon development will facilitate much demanded central London accommodation for advanced diagnostic and acute healthcare providers, supplemented by a prime, consumer facing segment fronting a new super-crossing into Oxford Street and Bond Street Elizabeth line services.
