Plans have been unveiled for a new hotel and serviced offices development in the City of London.

Asset manager C1 Capital confirmed that Boundary House has been acquired with plans to transform the site into a 300-room hotel.

The property is located on Jewry Street close to the eastern edge of the City of London, within walking distance of London Fenchurch Street railway station, and Aldgate Underground station.

The Caterer reports that the building has been acquired by Austrian hoteliers Rudolf and Christian Ploberger.

In a statement on its LinkedIn page, C1 Capital said:

“We are delighted to have advised on the acquisition of Boundary House, Jewry Street, London EC3 in collaboration with Gerard Nolan & Partners.

“GNP sourced the property for its client as a potential mixed-use development comprising a proposed 300-bedroom hotel with serviced offices.

“The development will attract guests working in the City who will require short term accommodation in a post-covid working environment, whilst leveraging on its proximity to landmark tourist attractions, such as the Tower of London and Tower Bridge. We have been appointed to oversee delivery of the project.

Commenting on the news Kristian Dijkstra, managing director of C1 Capital, said:

“Boundary House offers a unique opportunity to create a mix-use development capitalising on the building’s central and convenient location for both corporate and leisure guests. We look forward to working with the Ploberger family to bring this exciting development to fruition. “

For Business Traveller’s comprehensive round-up of new and forthcoming hotels in the UK capital, see:

New and upcoming London hotels (2021)