Navana Property Group, led by CEO Harry Fenner, has acquired a property portfolio in Crystal Palace, London, valued at over £45 million – bringing together 60 tenancies and 40 titles for the first time.
The portfolio includes apartments, office space, townhouses and retail units in the ‘triangle’ in Crystal Palace.
Navana Property Group will proactively asset manage the new portfolio.
Harry Fenner, CEO of Navana, said: “This deal was far more complex than an acquisition of this size should usually be and has taken many months to put together. The properties are in an exciting part of London and we believe there is great opportunity to invest in the portfolio to better suit the needs of local people and newcomers to this vibrant part of London.
“Many of the plots are underdeveloped and due to effects of coronavirus, there is currently a large amount of vacant commercial space.
“Two of the multi-tenant offices blocks will be turned into mixed-use blocks, whilst the Haynes Lane site is perfect for a mixed-use development, bringing new energy and diversity to the local area. We are looking forward to getting started.
“This investment is a welcome addition to our portfolio and will bring significant social and economic benefits to Crystal Palace over the long-term.”
Wanda Rich has been the Editor-in-Chief of Global Banking & Finance Review since 2011, playing a pivotal role in shaping the publication’s content and direction. Under her leadership, the magazine has expanded its global reach and established itself as a trusted source of information and analysis across various financial sectors. She is known for conducting exclusive interviews with industry leaders and oversees the Global Banking & Finance Awards, which recognize innovation and leadership in finance. In addition to Global Banking & Finance Review, Wanda also serves as editor for numerous other platforms, including Asset Digest, Biz Dispatch, Blockchain Tribune, Business Express, Brands Journal, Companies Digest, Economy Standard, Entrepreneur Tribune, Finance Digest, Fintech Herald, Global Islamic Finance Magazine, International Releases, Online World News, Luxury Adviser, Palmbay Herald, Startup Observer, Technology Dispatch, Trading Herald, and Wealth Tribune.