Chinese company Giant Mind Properties Group has selected Savills and CBRE to market the freehold interest in Bavaria House, a hotel-led project in London.
The fully developed project at 13-14 Appold Street near Liverpool Street station is available for purchase at an asking price of over £75 mln (€89 mln).
Designed by Kohn Pedersen Fox architects, the hotel and office tower comprises a total of 31,595 m2 (gross internal area) spread across four basements, ground floor, and 45 upper floors.
The consented plan includes a 416-room hotel occupying 26 upper floors, along with 88,286 square feet of premium office space. Additional amenities such as a gym, spa, and various food and beverage options are also part of the development. The site offers the flexibility to explore alternative uses subject to planning permission.
This project replaces previous plans for a 45-storey hotel and office building approved in 2015 by Hackney Borough Council. Bavaria House was originally built in 1988.
Giant Mind acquired the site in 2022 for an estimated £72 mln (€85.8 mln) from Masterworks Development Corporation, a New York hotel developer known for the Club Quarters hotel brand. Masterworks had previously intended to develop the site but abandoned those plans in favour of this new project.
