Tene Living to bring forward Anchorage resi conversion 

A fledgling London-based development company has acquired two Salford Quays office buildings and plans to convert them into 127 apartments. 

In February, it was revealed that Maslow Capital had provided an unnamed party with an £18.6m loan to acquire Anchorage 3 and 4 from HIG Capital and convert the buildings in homes. 

Companies House documents reveal the recipient of the loan to be Tene Living, a development company founded by Sagi Rubin in March 2021. 

Plans for the conversion of Anchorage 3 and 4 were first revealed in 2019. At that time, collapsed developer High Street Group was attached to the project but is no longer involved. 

BDP was leading on the scheme’s design for HIG but it is understood Tene has appointed Chapman Taylor Architects to advise going forward. 

Anchorage 3 and 4, which HIG bought in 2015 for £26m along with Anchorage 1 and 2, previously housed private healthcare firm Bupa. Bupa has since relocated to its own building at Salford Quays.   

Anchorage 1 and 2 are still used as offices and were bought by Investcorp for £40m last year after HIG spent £8m refurbishing them.   

Tene, whose website says it provides “value urban living”, is also bringing forward an office to residential conversion in Reading.  

There, it plans to convert buildings on Market Place into 144 apartments, according to a report in The Reading Chronicle.