300,000 sq ft Folgate and Highgate development tie up in Shoreditch
New York hotel operator Highgate Holdings has agreed a deal for the long leasehold of a site in Shoreditch where it plans to build a 300,000 sq ft mixed-use project.
Highgate have agreed a deal to buy the leasehold of 201-207 Shoreditch High Street and 1 Fairchild Street from Folgate Estates and will submit plans for a 200-bed hotel, 100,000 sq ft of offices and retail and leisure space.
Folgate Estates, a family-owned property company, will retain the freehold of the Shoreditch site which forms one of the corners of the Shoreditch Triangle.
Hanover Green represented Folgate Estates on the deal.