Named after its former use as the wardrobe of King Edward III, who moved his wares here from the Tower of London in 1381, The King’s Wardrobe once played host to armour, chattels, paintings and other royal treasures. Hundreds of years later, the site suffered badly in the great fire of London.

Today, however, the building lives on and welcomes guests to St Paul’s via its 92 design-forward apartments. The apartments benefit from close proximity to the London Stock Exchange and various global financial headquarters as well as City Thameslink and Blackfriars stations. This is in addition to world-class restaurants and the historical pubs and passages of Bank.

Instructed by British Land, Saxbury first assisted during the acquisition stage of this project. Working alongside our client, the Saxbury team provided feasibility reports and expert advice to support this milestone transaction as well as conducting in-depth analysis of the existing operation to determine the investment and redevelopment value of the asset. Due to our expert knowledge in this sector, Saxbury was able to secure this unique asset despite tough competition. The first serviced apartment acquisition for this fund, the client remains keen to purchase further assets of this type following the success of the project.

Saxbury were the obvious advisors to conduct a professional operator search and selection campaign and managed a competitive process before finally selecting Native Aparthotels to be the custodians of this storied scheme.