London marina bought for £156 million

London’s St Katharine Docks, home of the capital’s main marina, has a new owner, after it was snapped up for £156.3 million.

Property mogul Nick Leslau, who co-owns Saracens Rugby Club, has bought the marina and five surrounding buildings through his Max Property Group, which counts Alton Towers and Madame Tussauds among its portfolio, although this is its first experience of investing in a marina.

St Katharines became available after the previous owners, F&C Reit and Area Property Partners, defaulted on a £170 million loan.

Mr Leslau is hoping the waterside location will woo City of London tenants to its office space and he promised a major overhaul of the buildings.

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