Henderson Park has made its first London office market deal with the acquisition of an asset from Commerz Real for £101m (€114.5m).
The European real estate investor said it bought Athene Place at 66 Shoe Lane with a senior debt facility provided by Blackstone Real Estate Debt Strategies.
Commerz Real said the 147,000sqft building has been part of the portfolio of the open-ended real estate fund hausInvest since 2008.
Henning Koch, the global head of transaction management at Commerz Real, said: “We have utilised the high demand for office real estate in premium locations in London to achieve a very good result for our investors,”
Henderson Park said the latest deal is the firm’s eleventh investment and its first in the London office market.
The company’s $3.4bn (€2.9bn) portfolio now includes hospitality, multifamily, and office assets in London and other Western European capital cities.
Nick Weber, the founding partner of Henderson Park, said: “Athene Place is an exceptional building which has already begun to attract interest from tenants and which we believe has huge potential in one of London’s fastest-moving and best-connected sub-markets.
“This investment underscores our firm belief in the demand for institutional quality Central London office space, driven by London’s preeminent position as a centre for international business. We are excited to partner with Endurance Land and work to deliver a high-quality asset for this part of the City.”
Henderson Park is backed by three cornerstone investors: Stone Point Capital, Kuwait Investment Authority and Wafra Investment Advisory Group.