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FairBriar Picks Up Nell Gwynn

LONDON-Residential specialist FairBriar has added to its expanding London portfolio of serviced apartments with the acquisition of Nell Gwynn House, a prime apartment block in London's Knightsbridge. Within two years FairBriar aims to take its ownership to 1,000 properties.

By Steve Killick | Updated on August 01, 2001

LONDON-FairBriar, the specialist residential property development, asset management and serviced apartment business, is buying the freehold of Nell Gwynn House, Sloane Avenue, SW3 for £27.4 million. The acquisition brings the FairBriar portfolio of serviced apartments in Central London bringing to over 400. The company’s goal is to own 1,000 properties.

Nell Gwynn House, located within walking distance of both South Kensington and Sloane Square, has a total of 433 apartments, 291 of which have been sold on long leases. Of the balance 124 are operated as serviced apartments and 18 are occupied by statutory tenants. FairBriar plans to operate the serviced apartments under the FairBriar Residence brand and refurbish them with a rolling programme to minimise disruption to the occupants.

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