Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LONDON-Capstone Group and Scottish & Newcastle Retail have successfully won planning consent to develop a 45,000-sf hotel scheme off Junction 4 of the M4 at Heathrow Airport. This is a rare case of development being permitted on a highly-protected ‘green belt’ site.

Capstone has now sold the 4.5 acre site to Scottish and Newcastle Retail and construction will shortly begin on a new 130-bed Premier Lodge hotel. According to Jones Lang LaSalle, which negotiated the sale of the site to Scottish & Newcastle, the bidding process was highly competitive.

Tom Oakden, Vice President at Jones Lang LaSalle Hotels said: “We approached all the main players in the mid-market segment, and the majority of groups made strong offers for the site on account of its key strategic location and the ability for operators to tap in to both the Heathrow and Stockley Park market.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.