CHEVAL COLLECTION ANNOUNCES UK EXPANSION
Cheval Collection has announced expansion in Scotland as part of a long-term strategic vision for UK and international growth. From July 2020, Cheval Collection will brand and operate two historic properties in the heart of Edinburgh, following an agreement signed between Mohammed S Almarzooqi, Managing Director of the Cheval Collection and Chris Stewart, CEO of the Chris Stewart Group (CSG), the owner and developer of the properties.
The two properties which will become Cheval Residences from 1 July 2020, include The Edinburgh Grand and Old Town Chambers. Together, they add a further 100 new apartments to Cheval’s existing portfolio of 512 apartments across its eight London Residences.
The deal has been 12 months in the making, sealing a partnership between Cheval and CSG that is expected to cultivate further investment opportunities for both organisations in the future.
Located in Edinburgh’s Old Town and a few yards from the Royal Mile, but far removed from the crowds, Cheval Old Town Chambers includes 50 apartments. A further 25 apartments, opening on to the Royal Mile, will be opened in 2021.