New UK-headquartered real estate investment firm Jackyl has executed its second deal, purchasing all 39 remaining apartments in London's South Bank Tower, which comprises 193 luxury apartments and penthouses in total.
Financial details were not disclosed.
Representing the firm's maiden acquisition in the UK, and its first residential deal, Jackyl's founder Blake Loveless said that it formed part of a long-term plan to tactically acquire a diverse property portfolio across Europe.
'We have our sights set on making our mark on London’s property market and what better place to start than with the acquisition of a striking tower along the iconic south side of the Thames,' Loveless commented.
'Despite some challenging UK and global market conditions in recent years, not helped by the uncertainty caused by the Brexit vote, we always take a long- term view, and we believe in London’s resilience and long-term prospects as a global city.'
In February, Jackyl closed its first deal, acquiring Praça D. Pedro IV (Rossio) 96-122 in Lisbon, also purchased for a private high-profile investor.
Plans for the re-launch of the apartments and communal spaces at the South Bank Tower are currently in development, details of which will be announced in the coming months.
Jackly was launched in 2018 by former Meyer Bergman executive Loveless. While based in London, it also has offices in Madrid.
Jackyl was advised by Addleshaw Goddard for legal and FTI Consulting for financial, tax, and structuring.
