REAL ESTATE investment group Henderson Park yesterday said it had acquired office building Athene Place in London from Commerz Real, a subsidiary of Germany'sCommerzbank. The £101m sale was financed with senior debt provided by Blackstone Real Estate Debt Strategies.
Athene Place is a 147,000 square foot office building in central London opposite Goldman Sachs' new European headquarters.
Located on the Central, District, and Circle lines, the building will also eventually have access to the new Elizabeth line.
The deal marks Henderson Park's 11th investment and its first in the London office market.
Former Goldman Sachs executive and Henderson Park founder Nick Weber 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 pre-eminent position as a centre for international business.
"We're excited to partner with Endurance Land to deliver a high quality asset for this part of the City."
The purchase follows Henderson Park's acquisition of Hilton Metropole hotels in London and Birmingham last year for around £500m.
(c) 2018 City A.M., source Newspaper