UK investment manager Delancey has moved a step closer to redeveloping the former Royal Mint headquarters in London with the formation of a joint venture.
UK investment manager Delancey has moved a step closer to redeveloping the former Royal Mint headquarters in London with the formation of a joint venture.
Delancey’s principal client fund DV4, which owns the freehold interest in Royal Mint Court, has joined forces with real estate investor LRC UK, which acquired the debt secured on the head leasehold interests last year.
The site on the eastern fringe of the City of London comprises 43,300 m2 of office and ancillary accommodation on a 2.2-hectare site next to the Tower of London.
Delancey has been appointed to secure planning consent for a scheme over the next 12 months. The company said an office scheme was one potential option but the arrangement of buildings around a green ‘could have a wide appeal to a variety of occupiers’.
