New Hotel for
Central milton keynes

M&G Real estate

Bidwells advised M&G Real Estate on the funding of a new 10 storey 180 bedroom hotel with ancillary bar and restaurant in Central Milton Keynes. The hotel is pre-let to Premier Inn Hotels Ltd for a term of 25 years with a 20 year break clause at £1.026m per annum.

What we did

  • Identified the opportunity

  • Negotiated the funding structure and acquisition price

  • Entered into competitive bids

  • Successfully acquired the investment on behalf of M&G Real Estate

Result

  • Secured the asset in a competitive market

  • The property meets the Fund’s return requirements

  • New hotel in Central Milton Keynes under construction to serve the thriving business and residential hub

  • Provision of 180 bedrooms along with a restaurant and bar

 Premier Inn Milton Keynes

 

 

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