Exchange announced of York Place apartment block in South West London

We have exchanged on the £60 million sale of a newly-built apartment block in South West London.
York Place development
A2Dominion Group will ensure all profits generated from the sale are used for a social purpose.
Pictet Alternative Advisors, in partnership with Pinnacle Investments, acquired York Place in Battersea after reaching a deal with A2Dominion.

A2Dominion Group will ensure all profits generated from the sale are used for a social purpose, as well as building more homes, and improving services for our customers.

Nick Hutchings, Executive Director at A2Dominion, said: “York Place is one of the most exciting developments in South West London, and we are delighted to have finalised the sale to Pictet Alternative Advisors & the Pictet Group.

“We will use all profits generated from the sale to invest in new affordable homes and our communities.”

York Place has 102 apartments and consists of one, two and three-bedroom units for private rent.

The ten-story development is located less than 100 metres from the River Thames in one of the capital’s most desirable areas, Wandsworth Riverside.

The property is also situated close to many bars, restaurants, shops and parks, and has excellent transport links from Clapham Junction, Thames Riverside Walkway and shuttle boat services from the nearby Plantation Wharf pier.

Building work was completed in October 2021 and all units were fully let within three months of launch.

The deal for York Place is the Pictet Alternative Advisors and Pinnacle Investments’ third joint venture in London following the acquisition of Silvertown in January, and Limehouse in 2020.

A2Dominion was advised by Cushman & Wakefield during the sale.

Ed Jackson, from Pictet, said: “This attractive apartment block is situated in the heart of South West London’s riverside amenity, and is the third transaction in our London strategy, bringing our portfolio to over 300 apartments. London continues to retain its global primacy drawing capital and talent, but has always suffered from a lack of quality and affordable housing accommodation, which is why we are continuing to invest in newly-built, energy efficient and well-located residential properties.”

Chris Turnbull, Managing Director of Pinnacle, said: “This is an excellent addition to our joint venture with Pictet. We are excited to add these homes to our portfolio, which provide high quality accommodation for current and future residents.”

Mark Clegg, Head of Residential Capital Markets UK at Cushman & Wakefield, said: “The PRS market remains buoyant, with a shortage of supply continuing to drive the sector’s growth. High-quality, well-located developments like York Place are in huge demand from institutional investors and continue to achieve record pricing in an ever-increasingly active market. It was a pleasure to represent A2Dominion during this significant deal with Pictet / Pinnacle and play a key role in its completion.”