Global engineering and construction group Enka has acquired a UK office property from asset manager DWS for £186m (€213.2m).
Enka acquired Park House, 16 Finsbury Circus, London EC2, from an unspecified fund managed by DWS.
Mehmet Tara, chairman of Enka, said: “This acquisition reflects Enka’s long-term confidence in London as a resilient global financial and cultural hub. It also aligns with our strategic goal of expanding our real estate footprint in mature markets that offer stable returns and long-term growth potential.
”Murat Duran, president of real estate operations of ENKA, said: “ENKA has a long track record of developing and managing high-quality real estate assets internationally. This London acquisition is both a financial investment and a strategic statement about ENKA’s confidence in world-class, sustainable urban environments.”
Feldberg Capital advised Enka on the acquisition.
Jamie Acheson, head of UK investment at Feldberg Capital, said: “We are delighted to complete the acquisition of Park House alongside ENKA. Park House is an institutional grade, prime office asset in an unparalleled City location.
“This acquisition demonstrates our strong conviction in the Central London office market, which continues to display highly compelling market fundamentals, with an acute supply shortage of Grade A supply driving significant rental growth.”
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