Asset
An image of the deal site highlighting its prime location and architectural design.
Location
An image of the deal site highlighting its prime location and architectural design.
Aerial View
An image of the deal site highlighting its prime location and architectural design.
Site Plan
An image of the deal site highlighting its prime location and architectural design.
Deal Details
| Deal Name | Project Sam |
| Location | London |
| Asset Class | COR |
| Asset Type | Hotel |
| Tenant | Sevi Limited |
| Start Date | 20/07/2025 |
| Expiry Date | 01/02/2050 |
| Review Pattern | Annual |
| Indexation | CPI+1% |
| Collar / Cap | 0 / 5 |
| Rent | £3,000,000 |
Underwriting Metrics
| Pricing Date | 20/07/2025 |
| Target Spread | Z-250 |
| Credit Rating | A- |
| Stabilised NOI | £3,000,000 |
| VPV | £200,000,000 |
| IRR | 7.12% |
| Duration | 14.74 |
| WAL | 27.13 |
| Assumed Costs | 6.8% |
| Comparator Bond Spread | 80 Bps |
| Illiquidity Premium | 129 Bps |
Deal Metrics
| NIY | 3.51% |
| Net Price | £7,965,000 |
| Gross Price | 34.6% |
| LTV | 15% |
| Income Cover | 15% |
Sensitivity Metrics
| Z-230 | £7,965,000 |
| Z-240 | £7,965,000 |
| Z-250 | £7,965,000 |
| Z-260 | £7,965,000 |
| Z-270 | £7,965,000 |
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