Bridges and HubCap team up for low-carbon living scheme

16th February 2023

Bridges and HUB have jointly acquired a a 12,069 sq. ft site in Ludgate Hill, with a view to converting the current office space into a highly sustainable aparthotel.

We’re excited to be teaming up again with our long-standing partner HUB – this time for a new sustainable urban living development in London!

The Bridges Property Funds have acquired a 12,069 sq. ft site in Ludgate Hill, in the City of London, at a very attractive entry price for such a prime City location. We’re investing alongside HubCap, a new HUB subsidiary that will focus on low-carbon, city centre co-living and aparthotel projects.

We’ll be applying for planning consent to retro-fit the current building – which is currently a partially vacant office – into a highly sustainable aparthotel, aimed at London’s sizeable short-stay tourist market.

“Globally, the existing building stock accounts for a huge proportion of carbon emissions,” says Simon Ringer, Partner and Head of the Bridges Property Funds. “So we’ve always been interested in finding ways to retro-fit under-used buildings to make them more sustainable and economically useful.

“Through our various projects together, Bridges and HUB are on course to deliver more than 3,000 lower-cost and affordable homes in London, Edinburgh and Leeds, with a total value of over £1bn. So we’re excited to be able to work together again on another exciting area of the residential market – short-stay living – in a way that we hope will allow us to draw on our long experience of sustainable development and low-carbon design.”

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