Thackeray Group, the real estate investment, development and asset management company owned by Antony Alberti and Brett Palos, has agreed to sell the restored Grade II*-listed Castle Club in London’s Fulham to KYN, a provider of personalised holistic care, for £20 million.
Thackeray is currently restoring the historic structure and adding a new three-storey modern extension at the rear of the site to provide a 32-bed care home for KYN, designed by Darling Associates. Thackeray expects to complete the building to shell and core in the fourth quarter of this year, with Knowles Construction, the principal contractor. KYN will then fit out the building to a design by Carless & Adams and interiors by Nina Campbell.
Built in 1855 in the Gothic Revival style, the Castle Club is located in Broomhouse Lane, next to the famous Hurlingham Club. It was formerly run by the local council as an after-school youth centre but had fallen into disrepair before Thackeray acquired and restored it.
Antony Alberti, CEO and co-founder of Thackeray Group, said: “The Castle Club is a beautiful building that had, sadly, become derelict. We have been able to apply our skills at regenerating sites rich in heritage to bring the building back to life while fully respecting and retaining its historic character and principal architecture. We are thrilled that KYN will operate it as a care home for the local community.
“The proceeds will be recycled into further acquisitions in the fourth quarter. We have a target to deploy £100 million before the end of the year”.
Thackeray was advised by Cushman & Wakefield and BNP Paribas Real Estate.
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