Frogmore Secures Southwark Site and Finance

Frogmore is to submit plans to build a new hotel in Southwark after securing £14.4m of funding from specialist bank OakNorth to acquire the site.
The cleared site is located on Ufford Street next to the LeSoCo College less than a 10 minute walk from both Waterloo and Southwark stations and is in close proximity to other popular attractions, including The Young Vic, The Old Vic and  The London Eye, making it an ideal spot for tourists.

There are a number of hotel projects and schemes currently under construction in Southwark – Hilton’s Hampton, Marriott’s Autograph, and Park Plaza’s Art’otel. However the area still has one of the lowest levels of hotel bedroom supply amongst key Central London boroughs, Oaknorth said.

12/05/17 – Property Week
12/05/17 – Co-Star

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