A Spanish entrepreneur behind hotels in Ibiza and Mallorca has agreed a debut London deal, buying a site near Camden’s Roundhouse venue for a potential £75 million homes project.
OD Group, which also has hotels in Barcelona as well as a residential arm, has teamed with London-based developer Best Star Real Estate to pay £17 million for a site at 5-17 Haverstock Hill.
Planning consent for a Piercy & Co-designed 77 apartments scheme is in place.
However, the new owners are not ruling out looking at other potential redevelopment proposals, including a hotel or co-working offices.
The site was bought from private property investor Marcol.
Marc Rahola, the boss of OD Group, said: “London is one of the key cities to which we are looking to expand our business globally.”
Anthony Kazan, residential development partner at Knight Frank, which advised on the disposal, said there is “continued appetite for development opportunities… in spite pf the wider economic and political uncertainty”.
