Manish Gudka, CEO, Aprirose, said: “The long-income Government let office building represents a fantastic and highly secure investment for Aprirose.
Aprirose, the UK-based real estate investment company, has completed the sale of the Travelodge Hotel at Tower Bridge for £47.1 million to CCLA Investment Management on behalf of Local Authorities Mutual Investment Trust. Manish Gudka, CEO at Aprirose, said: “The sale of this property represents a strong return for our investors in line with our original strategy at the time of purchase of investing in a fast-improving area of London. The asset, which we bought during a time of economic instability, provides secure income in a prime location and is a well-respected brand. We continue to seek out further opportunities as we look to expand our diverse real estate portfolio across all asset classes.”