US investor Cain Hoy backs £750m Shoreditch property developmentComments Off on US investor Cain Hoy backs £750m Shoreditch property development
Cain Hoy said today it has formed a new consortium for a project called The Stage which will incorporate the remains of Shakespeare’s 16th century Curtain Theatre where Romeo and Juliet was first performed.
The 2.3 acre site has consent for a 40 storey residential tower and 250,000 square feet of shops, offices and leisure space.
Cain Hoy has teamed up with Galliard Homes and MG Properties for the deal, and will work with the Bard family’s Plough Yard Developments.
Under the deal terms, Plough Yard Developments retains the freehold and the consortium takes a 250 year lease.
Jonathan Goldstein, Cain Hoy’a head of European investments said: “This is a historic site at the heart of one of central London’s most vibrant areas.”
Property agents Allsop and CBRE advised on the deal.