A Guernsey-based consortium of the Icelandic
Kaupthing Bank, the
Candy brothers' CPC Group (33%) and
Richard Caring (10%) bought the Middlesex site from
University College London Hospitals NHS Foundation Trust for £175m in June 2006. The demolition was completed in late 2008. Kaupthing rejected a bid worth £60m from
Ian and Richard Livingstone’s
London & Regional Properties. In March 2010 Kaupthing appointed CB Richard Ellis to sell their remaining stake.
Aviva Investors and Exemplar Properties acquired the site in July 2010. The consortium appointed architects
Lifschutz Davidson Sandilands and
Sheppard Robson to design a new masterplan with luxury residential and office buildings. The scheme gained planning consent in March 2012, with Fitzroy Place completed in 2015. In 2016, AshbyCapital purchased a 50% stake in the development from Kaupthing. The residential part is managed by Rendall & Rittner. It consists of three buildings with 289 multi-million
pound apartments. == References ==