Fulham’s historic Castle Club sells for £20m following “beautiful” regeneration

Thackeray Group, the real estate investment, development and asset management company owned by Antony Alberti and Brett Palos, has agreed to sell the restored Grade II-listed Castle Club in London’s Fulham to KYN, a provider of personalised holistic care, for £20m.

Thackeray is currently restoring the historic structure and adding a new three-storey modern extension at the rear of the site to provide a 32-bed care home for KYN, designed by Darling Associates.

Thackeray expects to complete the building to shell and core in the fourth quarter of this year, with Knowles Construction the principal contractor. KYN will then fit out the building to a design by Carless & Adams and interiors by Nina Campbell.

Built in 1855 in the Gothic Revival style, the Castle Club is located in Broomhouse Lane, next to the famous Hurlingham Club. It was formerly run by the local council as an after-school youth centre but had fallen into a state of disrepair before Thackeray acquired and then restored it.

Antony Alberti, CEO and co-founder of Thackeray Group, commented: “The Castle Club is a beautiful building that had, sadly, become derelict. We have been able to apply our skills at regenerating sites rich in heritage to bring the building back to life, while fully respecting and retaining its historic character and principal architecture.

“We are thrilled that KYN will operate it as a care home for the local community. The proceeds will be recycled into further acquisitions in the fourth quarter. We have a target to deploy £100m before the end of the year”.

Thackeray was advised by Cushman & Wakefield and BNP Paribas Real Estate.

By Matthew Neville – Correspondent, Bdaily

Add me on LinkedIn and Twitter to keep up to date
And follow Bdaily on Facebook, Twitter and LinkedIn
Submit press releases to editor@bdaily.co.uk for consideration.

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.