Boutique Hotel Opportunity at Tower Bridge

30 October 2006

Berkeley Homes (East Thames) has appointed Christie + Co to market a new boutique hotel development opportunity. St. Olave’s at Tower Bridge is located within a prime residential development, adjacent to the famous London landmark.

Potters Fields is Berkeley Homes’ prestigious mixed use development on the South Bank of the River Thames, adjacent to Tower Bridge, City Hall and “More London”. Within this landmark scheme, the stunning former Lambeth College Building presents a rare opportunity to develop a boutique hotel. This imposing Grade II Listed building, which fronts onto Tooley Street, was home to the St. Olave’s Grammar School from 1855 to the 1960s.

Mark Dickinson, Managing Director of Berkeley Homes (East Thames) comments: “We envisage that the high quality hotel development will provide a range of concierge services to enhance the opportunity for residential leaseholders. The full extent of services available has yet to be determined and will be subject to discussion and agreement with the selected hotel operator.”

The accommodation is arranged over three floors, which include mezzanine levels. The ground floor provides dramatic space for reception, food and beverage, leisure and business uses, with bedrooms and suites proposed at upper levels. Although the internal configuration is flexible, a preliminary 54 bedroom/suite format has been conceived with individual bedrooms ranging from 20 – 119 square metres, including provision for several duplex suites.

“St. Olave’s at Tower Bridge is situated in an exceptional location, with an internal configuration that can be tailored to suit an operator’s personal vision,” says Christie + Co Director Jon Patrick. “It provides a truly outstanding opportunity that’s ideal for the boutique hotel market”

For further information about this exceptional opportunity, contact either Jon Patrick or Lawrence Telford at Christie + Co on 0207 220 0700.

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For further information on this press release, please contact: Lorna Byrne at Christie + Co. Tel: 020 7227 0797 or 07734 856836. lorna.byrne@christie.com

Notes to Editors

Established in 1935, Christie + Co are the leading business agents specialising in the hotel, public house, restaurant, retail, leisure and healthcare markets. Operating from 16 offices across the UK and eight offices in Continental Europe, our skilled negotiators have extensive experience of their local and national markets, as well as in-depth knowledge of current legislation and trends.

Berkeley Homes is a dynamic and innovative company with a passionate commitment to provide high quality homes in excellent locations in London and the South East of England. Founded in 1976 Berkeley Homes is the largest division of the Berkeley Group Holdings Plc, a FTSE 250 company. Berkeley Homes has a turnover of over £500 million and last year completed over 1,800 units.