TH Real Estate has bought the freehold of a Travelodge hotel and retail development in Hackney, E8, for £13.5m – a net initial yield of 5.9%.
The 80-bed hotel next to Hackney Central station was bought from developer LPC Living on behalf of TH Real Estate’s UK balanced fund, Henderson UK Property OEIC.
The development on 7-19 Amhurst Road also includes two shops occupied by TK Maxx and Carphone Warehouse.
It is let to Travelodge until 2040.
Lewis Ellis advised Henderson UK Property OEIC.
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