BBS Capital and OakNorth is supporting property firm Ziser London in its acquisition of Fulham Town Hall.
Ziser plans to transform the building into a hotel, restaurants, event space and a spa and OakNorth has provided a £10m loan which will be used to fund the acquisition of the Grade II star listed 51,350 sq. ft. building.
Located on London’s Fulham Road, Fulham Town Hall was built between 1888 and 1890 and extended between 1904 and 1905, for a cost of £30,000 at the time.
Joanne Barnett of BBS Capital, comments: “Arranging the finance had the potential to be challenging, because planning permission to transform Fulham Town Hall into a hotel has not yet been granted. However, OakNorth understood the vision and opportunity enabling us to secure funding to support the purchase of the property for our client.”
Priya Harley, Debt Finance Director at OakNorth said: “Ziser London has an extensive track record in investing and developing London based residential and commercial properties, in particular ones with architectural significance or a unique heritage. Once completed, this site will be a landmark property in London, so we’re delighted to be assisting the team and look forward to working with them on additional projects in the future.”