Eitan Eldar News Site Team, Author at Eitan Eldar

Novel House, Hampstead: A £39.4m Refinance Facility for a Luxury Apartment Complex

Eitan Eldar News Site Team — Thu, 20 Apr 2023 14:00:12 +0000

Novel House, a luxurious apartment complex situated in Hampstead, London, received a £39.4m refinance facility from EVH. The new build development features 16 apartments and 1 penthouse, providing rare extensive lateral space in the area. Spanning over 25,718 square feet, Novel House is set back from the main road and offers a private community garden to the north of the property, creating a serene and peaceful environment for residents.

Along with the tranquil garden, Novel House offers an array of top-class amenities, including a 24-hour concierge service, a gym, and secure underground parking for 17 cars. The project has been completed, and the loan facility was finalized in May 2021.

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House of Fraser: 89,738 sq. ft GIA, Arranged Over Basement, Ground & 4 Upper Floors

Eitan Eldar News Site Team — Sun, 26 Mar 2023 13:49:09 +0000

Address: 80 George Street, Richmond, Richmond, TW9 1HA

This iconic landmark building in Richmond, formerly occupied by House of Fraser, and seven retail units surrounding it in Paved Court and King Street, offer an exciting redevelopment opportunity. The site, spanning over 89,738 sq. ft GIA, includes a basement, ground, four upper floors, and seven income-producing retail units. The location in the heart of Richmond, one of the most affluent boroughs of London with a catchment population of over 250,000 people, offers easy access to central London and major highways, making it a highly desirable location.

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Kiran’s Villa: 8 Apartments with 14 Parking Spaces

Eitan Eldar News Site Team — Tue, 27 Dec 2022 13:22:59 +0000

Address: 25 The Bishops Avenue, Hampstead N2 0BN

Kiran’s Villa is a development where an old-fashioned luxury villa on Bishop’s Avenue in Hampstead will be demolished. Instead, a new luxury high-spec apartment complex with amenities and parking on-site will be built.

The plot sits on a total of 0.5 acres with a GIA of 19,827 sq. ft (NIA 14,236 sq. ft) and has planning permission to redevelop the compound into eight apartments with underground parking with 14 spaces.

The Property is developed by Sheen Lane Developments Ltd. In the last 4 years, we have acquired 11 developments from Sheen Lane; all previous transactions are occupied at very high occupancy rates and achieving our projected Estimated Rental Value.

Bishop’s avenue is located in Hampstead, an area in London, which lies 4 miles (6.4 km) northwest of Charing Cross, and extends from the A5 road (Roman Watling Street) to Hampstead Heath, a large, hilly expanse of parkland.

The site is 3 min walk to the bus stop and 1.3 miles away from Highgate station, which has direct access to the Northern Line. It is a 40min journey with public transport and a 30 min drive to Green Park Station.

The project was completed on October 2022.

Location of the Project

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37-39 Clarendon Road, Watford

Eitan Eldar News Site Team — Wed, 14 Sep 2022 08:31:56 +0000

EVH provided a £90.4m facility for acquiring and developing 37-39 Clarendon Road in Watford. The site is currently a vacant office building but has planning permission for a 25-story residential tower providing 168 homes and a new 8-story building providing 150,000 sq ft of Grade A office space. The development will also have an ancillary café and gymnasium.

The loan was completed on September 2021.

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Lu2on, Luton a £48.4m Facility to Refinance a Mixed-use Scheme

Eitan Eldar News Site Team — Mon, 22 Aug 2022 14:53:21 +0000

EVH provided a £48.4m facility to refinance the Lu2on mixed-use scheme. Lu2on is a residential-led mixed-use scheme situated approximately 1 mile from Luton town center. Phase 1 is complete and provides 401 private residential units, 68 parking spaces and 23,390 sq ft of commercial space. Phase 2 is land with planning consent for 553 residential units. The combined square footage of the two phases is 452,000 sq ft. The loan was completed in January of 2022.

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Timber Yard, Birmingham: 331,019 Square Feet and 379 Residential Units

Eitan Eldar News Site Team — Tue, 19 Jul 2022 14:31:03 +0000

EVH Finance provided a £66.9 million facility for the development of Timber Yard in Birmingham. The development is located in the Chinese Quarter of Birmingham, just a short walk distance from the city center. The project is spread on 331,019 square feet and includes 379 residential units, as well as commercial space. The loan was completed in December 2020.

Location

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Silverstone Hilton: 114,841 Square Foot Hotel with 197 Bedrooms

Eitan Eldar News Site Team — Tue, 19 Jul 2022 11:14:53 +0000

Silverstone Hilton is a high-profile 114,841 square foot project located at Silverstone Racetrack. The hotel occupies a trackside position alongside the Hamilton Pits Straight, overlooking most of the track and directly opposite ‘The Wing,’ which will be connected to the hotel via a walkway.

The hotel offers areas of hospitality and media space for the annual F1 Grand Prix and all the Silverstone events. The hotel is comprised of 197 bedrooms with a restaurant/bar terrace, coffee shop, hospitality suites on race days, and a roof terrace.

The loan was completed in March 2021.

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Aviator Park: 2 Office Buildings Totaling 100,000 sq.ft

Eitan Eldar News Site Team — Tue, 19 Oct 2021 11:43:49 +0000

Adress: Station Road, Addlestone, Surrey KT15 2PG

The Aviator Park project is a high-quality business park developed in 2002, comprised of 2 large office buildings, Aviator One and Aviator Two.

Eitan Eldar, the founder of EEH Ventures, led investors to purchase the property and renovate it.

Aviator One provides a modern multi-let office building, overground, first and second floors totaling 65,509 sq ft (NIA) providing 225 secured car parking spaces. The Property sits within an approximate site area of 3.02 acres.

Aviator Two was converted into a residential building under a Permitted Development Scheme (PD). The building provides 102 studio units of a total of 35,005 sq ft (NIA) overground, first and second floors, and 127 secure car parking spaces. The Property sits within an approximate site area of 1.93 acres.

Location:

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Is the UK About to Experience a New Real Estate Boom?

Eitan Eldar News Site Team — Wed, 23 Jun 2021 14:14:25 +0000

It appears there is about to be another real estate boom in the UK as house prices began to surge last month. The increase in the UK house prices came as a reaction to the decision of the Finance Minister to extend the tax cut on a purchased property.

In a recent interview Eitan Eldar, CEO and founder of EEH Ventures, told IssueWire: “In my opinion, at this stage, there is no fear of a real estate bubble forming. The rise in prices is due to government reliefs that encourage the purchase of properties up to £600,000. Many citizens are taking the opportunity to make a purchase on more favorable terms than before. Although, the apartment market for properties valued at over £1million is still slow and challenging”.

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Middlesex House: 173 New Apartments Set Over 8 Floors

Eitan Eldar News Site Team — Sun, 13 Dec 2020 08:25:51 +0000

Adress: 29-45 High Street, Edgware, HA8 7UU

Middlesex House is a beautiful residential development that includes 173 brand new apartments, as well as 30 parking spaces. The property was converted from an office building – that was originally built in the 70’s – under a Permitted Development plan (PD).

The apartments are set over 8 floors, and a total net internal area of 57,067 sq.ft. The project is consisted of studio, 1 bedroom and 2 bedroom apartments. The development was completed in November 2019.

Eitan Eldar, the founder & CEO of EEH Ventures, led investors to purchase the property and renovate it.

Middlesex House is located at the district of northern Greater London in Edgware – which is a shopping and residential area. The property is close to a shopping centre (Boarwalk), a library and Edgware Community Hospital.

The Property is located 10 minutes walk from Edgware underground station (Northern line), and just a 35 minutes commuting time to Central London.

Location:

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