05 Oct Thackeray Group sells Castle Club in Fulham for £20m

Real estate investor Thackeray Group has agreed to sell the grade II-listed Castle Club in Fulham, west London, to care-home provider KYN for £20m.

The club was built in 1855 in the Gothic Revival style and was most recently a council-run youth centre.

Thackeray is currently restoring the structure and adding a three-storey extension at the rear of the site that will provide a 32-bed care home. Building works are expected to be completed by the end of the year, at which point KYN will take over the fit-out phase.

The club is located on Broomhouse Lane, next to the famous Hurlingham Club.

Antony Alberti, chief executive and co-founder of Thackeray Group, said: “The Castle Club is a beautiful building that had, sadly, become derelict. We have been able to apply our skills at regenerating sites rich in heritage to bring the building back to life, while fully respecting and retaining its historic character and principal architecture. We are thrilled that KYN will operate it as a care home for the local community.

“The proceeds will be recycled into further acquisitions in the fourth quarter. We have a target to deploy £100m before the end of the year.”

Thackeray was advised by Cushman & Wakefield and BNP Paribas Real Estate.