Sol Zackay’s Topland Group has sold a swathe of prime Bath city centre to Tony Pidgley’s Berkeley Group.
The 1.23 acre development site by Green Park, fronting Green Park Road and just 800m for Bath Spa railway station, was put on the market earlier in the year for £7.5m. It has planning permission for a 190-bed hotel and 28,500 sq ft of office space (designed by the local David Brain Partnership), but it sounds like Berkeley is going for resi use; a student housing scheme has been mooted.
Topland has good form in the gorgeous Georgian city, buying up the Royal Crescent Hotel back in March 2012. Savills gave Topland advice on the Green Park site.
Berkeley already owns the next door buildings, Ernest Ireland House, and recently offloaded an £80m student scheme on its prime London City Goodman’s Field site to Student Castle.
Topland’s MD Mark Kingston: “We acquired the site a few years ago with the view of it being a medium term development site and we secured a very attractive planning consent. However we were very pleased with the price achieved and the proceeds of the sale will be recycled into further acquisitions”.topland.co.uk berkeleygroup.co.uk Photo of the Royal Crescent, Bath by DAVID ILIFF. License: CC-BY-SA 3.0