Austrian hoteliers Rudolf and Christian Ploberger from GR Properties UK plan to transform Boundary House in the City of London into a 300-bedroom hotel with serviced offices, having bought the property for approximately £31m.
The Jewry Street site comprises a 45,000 sq ft office building and hotel. Agents Gerard Nolan & Partners sourced the property for the client as a potential mixed-use development.
The Plobergers previously owned Bow Street Magistrates Court in Covent Garden, which was sold in 2016. The pair received planning permission to turn the building into a hotel in 2014, however then decided to sell it to BTC UK for approximately £75m. The NoMad London hotel is set to open at the site next month, dependent on Covid restrictions.
Asset manager C1 Capital has been appointed by the Plobergers to oversee delivery of the project. Kristian Dijkstra, managing director of C1 Capital, said "Boundary House offers a unique opportunity to create a mix-use development capitalising on the building's central and convenient location for both corporate and leisure guests. We look forward to working with the Ploberger family to bring this exciting development to fruition."