Ibis Hotel, Cambridge
Pre-let, development funding and forward sale of the hotel and surrounding retail and commercial space
Net initial yield
Development of a new pre-let 231 bed Ibis hotel, 491 sq m (5,282 sq ft) of leisure/retail accommodation, cycle shop and 3,000 space cycle park facility - the first of its kind in the UK.
The development included the UK’s largest purpose built cycle park for the benefit of Network Rail