IN BRIEF: GPE sells Challenger House hotel in London for GBP42 million
28th May 2025 11:40
Great Portland Estates PLC - London-based property company - Exchanges contracts to sell Challenger House, also known as Corner Hotel, in Whitechapel, east London, along with adjoining land, for GBP42.0 million to Yoomata Aldgate Property Ltd, a joint venture between Paris-based real estate firms Euragone Investment Management and Mata Capital. Sale price is marginally ahead of book value, Great Portland Estates says. Challenger House was originally acquired alongside the Hickman office building in 2017 for GBP49.6 million. GPE says sale proceeds will be reinvested into its development pipeline. Read More