This iconic lower Manhattan building was purchased with Blackrock in 2013 to convert the upper floors into high end residential condominiums. On account of the historic nature of the building, only premium-level contractors and operatives have been allowed on-site with the first units being delivered to market in 2018. Alchemy are project managers with CNY…
DetailsTower block in the Queens borough of New York comprising 400 residential apartments. Many of the apartments benefitted from a statuary upper limit on the rent being charged and the manager proved over an 18 month period that in many instances this ‘cap’ was misjudged. Once the court agreed, the apartment was refurbished and let…
Details20+ multi-family estates spread across the Eastern States. The business plan assumes rental growth taking into account minimal expenditure across the homes and the dominant nature of the estate plus minimal expenditure on communal areas (primarily pool, gym and entrance). Many of the estates have been sold subsequently.
Together with partners acquired a partially constructed 5-star 187-room hotel plus 84 residential apartments from Lloyds Bank. The apartments were completed and sold off while the hotel continues to be held and trades very successfully.
Together with partners, acquired a vacant piece of land adjacent to the country’s busiest and most high-profile food market in city-centre, Jerusalem. Currently used as a car park and surrounding a building of historic nature, the site had planning permission for a mixture of retail and commercial. Purchased in 2015 the planning permission has since…
450,000 sqf vacant HQ office building purchased in 2014. The office comprised Grade A office space including a multi-storey car park, gym, pool and in-house restaurant. A 12-year lease was signed with Allergan to take the building with costs divided between owner and tenant. The site has now been refinanced.
Acquired and further developed a large supermarket in Gibraltar.
Three connected office buildings offering in excess of 1,000,000 sqf of grade A office space purchased in 2014 with 90% occupancy. The office market in Dallas was forecast to move out of the CBD and the buildings are now 98% occupied with rents 15% higher than at purchase. Major tenants include Zurich insurers and the…
Acquired and renovated a building to a high standard into residential studios in the centre of Paris.
Purchased a group of shopping centres together with partners in a portfolio that continued to rapidly expand with further acquisitions leading to the second largest group of shopping centres in Israel. The Portfolio was subsequently successfully sold to our largest competitors.