London Deal For TLB

Doncaster-based TLB Properties has further enlarged its London property portfolio with the purchase of a signature building in a prime location, off Marylebone High Street and adjacent to Baker Street Tube for an undisclosed seven-figure sum.

The five-storey block has office units on the ground floor and residential apartments above and TLB’s extensive refurbishment plans include the development of a luxurious top floor pent-house.

TLB acquisitions director Tariq Shah, who negotiated the deal, said: “The London property market remains buoyant and resilient to any peaks and troughs and we are committed to creating a substantial portfolio in key central locations. Currently investing some £50 million, we plan to double that in a very short time.

“Importantly, the building will also act as an administrative and corporate entertainment base for our continued expansion in the capital. At the same time, we shall also be developing our Northern portfolio where we have also seen significant growth in recent years.”