Henderson Park’s European value-add and opportunistic real estate fund has invested £60m (€70.2m) to buy a fully-let London office building from Abrdn.
The private equity real estate firm said it has acquired 100 Leman Street in Aldgate on behalf of Henderson Park Real Estate Fund I.
Henderson Park has acquired the asset with Dukelease, which is their second deal together following the acquisition of Ibex House in 2019.
Henderson Park said the 95,000sqft office building offers medium-term potential to undertake a series of asset “management initiatives to add amenities, outdoor space and improve the building’s sustainability credentials further”.
The property also offers longer-term potential for a full refurbishment and an extension of the western elevation, including the construction of an eighth floor, adding up to 50,000sqft of office space.
Mrinal Jalan, managing director at Henderson Park, said: “100 Leman Street provides high quality, modern space, while the potential to extend the asset offers an exciting opportunity to create additional value in the longer term.
”We hope to further improve the environmental credentials, working with our occupiers to help them maximise the benefits of our extensive ESG proposals as part of our wider refurbishment plans.”
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