Native Land has formed a new joint venture with a private Singaporean investor to acquire, manage and operate high quality residential assets across prime Central London.
The JV has launched with its first acquisition, Eliot House, a recently completed, unbroken block of 104 homes at Royal Warwick Square in Kensington. The joint venture secured a virtual freehold through the acquisition of a 987-year leasehold interest in the property for an undisclosed price.
Completed in 2023 and designed by Squire & Partners, Eliot House is the feature block in the second phase of the Warwick Road Masterplan, delivered by St Edward, a partnership between Berkeley Homes and M&G.
The 104 one-, two- and three-bedroom apartments all feature balconies and terraces. The on-site amenity provision includes a swimming pool, cinema room, gym, spa treatment rooms, steam and sauna facilities and 20 underground car parking spaces.
The partnership is actively seeking further opportunities through investments in well-located residential assets with strong long-term fundamentals.
Alasdair Nicholls, chief executive of Native Land, said: “Native Land is a trusted London-focused co-investment and development partner, with a sector expertise and track record of identifying and delivering value from prime residential opportunities. The formation of this joint venture reflects international confidence in London as one of the world’s most attractive and resilient residential investment markets, supported by strong long-term fundamentals and enduring appeal.”
“Eliot House is an outstanding first acquisition and embodies many of the characteristics we will seek in future opportunities. We see significant opportunity in a market characterised by strong occupier demand, diminishing future supply and increasing demand for high quality rental accommodation.”
