News – Crosstree Real Estate Partners

Crosstree Buys Into Dark Kitchen Sector With £100M Backing

Crosstree has taken a minority stake in Karma Kitchen, React News reported, and will back the company with around £100M to buy sites for dark kitchens, primarily in London, but also in other major UK cities.

14.01.22 | Mike Phillips | Bisnow London

Go-ahead for 1,500 homes on shopping centre site in north London

Hybrid consent covers detailed approval for an initial 350 build-to-rent units in first phase.

16.12.21 | May Agaran | React News

Crosstree scores Wembley apartment block from Singaporean investor

Deal struck for newly built 300-room serviced apartment development.

28.09.21 | James Buckley | React News

Plans in to transform London shopping centre into 1,500 homes

Crosstree reveals 2.7m sq ft masterplan for 26-acre site.

19.01.21 | Jessica Middleton-Pugh | React News

Crosstree portfolio - The Valentine, London

Crosstree makes first move into student accommodation sector

Investor teams up with newly formed asset manager.

02.12.20 | David Hatcher | React News

Second award for centre

Edmonton Green Shopping Centre scoops a second award win in as many months.

01.12.20 | Enfield Dispatch

The Standard, London wins Hotel of the Year trophy at this year’s AHEAD Europe

AHEAD Europe 2020 Winners Announced

Winners at this year’s AHEAD Europe included The Standard, London, with the coveted Hotel of the Year trophy.

16.11.20 | Ahead Awards

Crosstree portfolio - Marylebone Lane Hotel

Shiva secures £230m debt package for Marylebone hotel

Cale Street and Crosstree finance hotel through to completion.

29.06.20 | James Buckley | React News

The Times Best Buildings of 2019 - 4. The Standard, London

The Times: The best architecture of 2019

#4 The Standard, King’s Cross, London, UK by Orms

08.02.20 | Jonathan Morrison | The Times

Crosstree portfolio - Kings Walk, Chelsea

Crosstree Buys Chelsea Retail Scheme For New Fund

The first deal for a new vehicle backed by the billionaire Bertarelli family, Bisnow can reveal.

18.12.19 | Mike Phillips | Bisnow London

Icon outlet performs with strong trading figures

Icon Outlet at The O2 has a successful first year of trading & its strongest six-week performance yet.

17.12.19 | Georgia Wright | Retail Gazette

1 Hotel London Mayfair To Open In 2022

1 Hotels, the mission-driven, sustainable luxury hotel brand, announced today that it will debut its UK brand flagship, the 1 Hotel London Mayfair, in 2022.

17.10.19 | Hospitality Net

The Times review: Mama Shelter, London E2

The Times: Mama Shelter, London E2

This quirky hipster haunt is fun, affordable and in the heart of the east London action

13.10.19 | Alicia Miller | The Times

The Standard, London

In an industry exclusive, Sleeper talks to the design, development and operations team behind London’s hottest new hotel.

23.09.19 | Catherine Martin | Sleeper

The Times: The Standard, London WC1

A seriously cool hotel with a sense of fun to match, this place will leave you loving London anew

09.07.19 | Jenny Coad | The Times

Brutal luxury: London’s new Standard hotel

Upmarket hoteliers are finding that concrete is making a comeback.

31.05.19 | Simon Usborne | FT

Property firm Crosstree buys Edmonton Green shopping centre for £72m

The property firm, which co-owns retail space in the O2 arena, said it has exchanged contracts with owners St. Modwen for the 495,000 square feet (sq ft) shopping centre in Edmonton.

15.11.18 | James Warrington | City A.M.

Crosstree to bring Boutique Hotel Brand Mama Shelter to London

Crosstree Real Estate has bought a hotel in Shoreditch that will be the first London hotel operated by Paris-based boutique brand Mama Shelter.

30.01.18 | Mike Phillips | Bisnow London

Harcourt secures £120m Cheyne/ Crosstree financing for Cavendish Square resi scheme

The funding partners said the agreement demonstrated the alternative lending sector’s ability to provide timely and innovative solutions.

03.07.17 | Paul Norman | CoStar

Crosstree portfolio - Portal Way, West London

Imperial College London buys Dixons Carphone Acton HQ

Imperial College London on Tuesday moved to protect itself from the capital’s housing supply shortage with an £85 million swoop for Dixons Carphone’s Acton headquarters. The university has purchased the 4.5-acre west London site from investor Crosstree Real Estate Partners, the Evening Standard can reveal. Planning permission is in place to build 764 homes there.

20.01.17 | Joanna Bourke | Evening Standard

Helical Bar buys The Bower from JV for £248m

Helical Bar has exchanged contracts to buy 207 and 211 Old Street, collectively called The Bower development, for £248m from a joint venture owned by the company and an affiliate of Crosstree Real Estate Partners.

19.11.15 | Guy Montague-Jones | Property Week

Standard Life buys Empire House for £20.65m

Helical Bar and Crosstree Real Estate Partners have sold Empire House in east London to Standard Life Investments for £20.65m.

13.11.15

Two take space at The Bower

Helical Bar and Crosstree have agreed deals totalling almost 35,500 sq ft at The Bower, Old Street to CBS Interactive, an online content network provider, and Allegis Group, the UK subsidiary of a US recruitment company.

30.09.15 | Rhiannon Bury | Property Week

David Adjaye gets green light for “contextually sympathetic” mixed-use Mayfair development

Planning permission has been granted for a luxury mixed-use development designed by British architect David Adjaye for a site opposite London’s iconic Ritz hotel.

17.09.15

Helical/Crosstree sign leisure trio in Old Street

Helical Bar and Crosstree Real Estate Partners have secured three restaurant lettings at The Bower, their mixed use office-led refurbishment and redevelopment on the Old Street Roundabout.

15.05.15 | Paul Norman | CoStar News

US hotelier behind celeb haunt Chiltern Firehouse wins approval for luxury King’s Cross hotel

A 270-bedroom luxury hotel from the man behind the celebrity-friendly Chiltern Firehouse is set to open in King’s Cross

30.04.15 | Joanna Bourke | Evening Standard

Designs on making the Dome a home for top retail

The O2 Centre in London is best known for playing host to the likes of Beyoncé, but a company backed by a European pharmaceuticals billionaire is hoping that it will soon also become a retail destination to rival Bicester Village near Oxford.

02.04.15 | Kathryn Hopkins | The Times

Z Hotels and Gymbox land in Old Street

Helical Bar and Crosstree Real Estate Partners have bagged the first two lettings at their office and retail scheme, The Bower, at Old Street and City Road in London.

20.06.14 | Property Week

Camden’s new Standard

Hip American hotelier André Balazs has chosen a council office block in King’s Cross for his next boutique hotel.

06.06.14 | Joanna Bourke | Leisure

David Adjaye beats A-list to win prime West End redevelopment

Resurgent practice sees off stellar opposition including Rem Koolhaas, Jean Nouvel, Frank Gehry and Eric Parry to land Ritz-facing revamp.

30.01.14 | Richard Waite | Architects' Journal

Deutsche Bank funds Crosstree and Helical Bar’s Old Street redevelopment scheme

Crosstree Real Estate Partners and Helical Bar have refinanced an HSBC acquisition loan with an enlarged £88m four-year development facility with Deutsche Bank for the first phase of its Old Street refurbishment programme.

15.01.14 | James Wallace | CoStar News

Crosstree calls up Carphone Warehouse Crossrail site

Investor buys mobile phone seller’s headquarters in Acton in anticipation of transport premium.

13.12.13 | David Hatcher | Property Week

Dover Street’s Landmark letting

Landmark has taken the remaining two floors at Crosstree’s 48 Dover Street for its first West End serviced office centre, ahead of a potential 300,000 sq ft medium-term redevelopment of the scheme.

27.09.13 | Property Week

Meet the upstarts

As the market enters a new cycle, we identify the operators positioned to catch the upswing.

13.09.13 | Hannah Brenton | Property Week

Helical/Crosstree win Old Street approval

Islington council has approved plans to revitalise a three-acre estate next to Old Street Roundabout to provide a 316,000 sq ft office-led scheme.

06.09.13 | Jack Sidders | Estates Gazette

Goodman to open London gallery

Marian Goodman, dubbed by Forbes “the grande dame of art dealers”, is to open a gallery in London for the first time.

16.08.13 | Annabel Dixon | Estates Gazette

Crosstree nurtures £600m scheme

Ernesto Bertarelli-backed Crosstree is in advanced talks to buy the 52,000 sq ft 44-48 Dover Street, W1, from Royal London Asset Management for £84m – a 3% initial yield – equating to £1,615 per sq ft.

31.05.13 | Estates Gazette

Property Awards 2013: The night’s big winners

Property Newcomer of the Year (sponsored by Cluttons): Crosstree Real Estate

18.04.13 | Property Week

Ronson’s resi mates

Developer’s Ronson Capital Partners forms debt club to fund luxury riverside residential scheme.

01.03.13 | Nick Johnstone | Property Week

Crosstree and Helical Bar partner for HSBC-financed Old Street scheme

Crosstree Real Estate Partners and minority joint venture partner Helical Bar have acquired four buildings adjacent to the Old Street Roundabout for £60.75m, financed with a £30.375m five-year development loan from HSBC.

27.11.12 | James Wallace | CoStar

Crosstree buys second West End asset

Ernesto Bertarelli-backed Crosstree Real Estate Partners has made its second West End purchase – 20 Golden Square.

03.05.12 | Joanna Bourke | Estates Gazette

Crosstree purchases Mayfair property

An affiliate of Crosstree Real Estate Partners LLP (Crosstree) has acquired the property known as One Berkeley Street.

21.12.11 | Press release

Crosstree launches with up to £500m backing

Blackstone, Starwood duo receive backing from one of the world’s richest men to launch Crosstree Real Estate Partners in a bid to invest in up to £1bn of property in the UK and possibly further afield into Europe.

20.08.11 | Robin Marriott | PERE

Billionaire Bertarelli bound for Britain

Pharmaceuticals mogul to spend up to £500m with Blackstone and Starwood men.

19.08.11 | Mike Phillips | Property Week

Bertarelli to invest £500m in real estate

Ernesto Bertarelli, the Swiss-Italian pharmaceuticals billionaire, will invest up to £500m ($824m) as initial capital in the launch of a private equity real estate firm being set up by the former UK heads of Blackstone and Starwood Capital.

18.08.11 | Daniel Thomas | Financial Times