Benet Street, Cambridge
Location : Cambridge | Status : Completed | Sector : Retail | Value : £12m | Fund : Palmer Capital – Development Fund II
Wrenbridge unconditionally acquired the Grade II listed former Barclays Bank branch in central Cambridge. Planning permission was granted to create two restaurants at ground mezzanine levels and 32 student rooms on upper floors including a new third storey.
The student accommodation was sold on a forward funding basis to Kings College and the restaurants let to CAU and Zizzi respectively and subsequently sold to Thameside Borough Council on the basis of a 125 year lease.