June 11, 2018HENDERSON PARK ACQUIRES ATHENE PLACE IN LONDON’S MIDTOWN
London, 11 June 2018 – Henderson Park, the European real estate investment platform founded by Nick Weber, announces that it has acquired Athene Place at 66 Shoe Lane in London from Commerz Real, a subsidiary of German Commerzbank. The transaction was financed with senior debt provided by Blackstone Real Estate Debt Strategies.
Athene Place is a 147,000 sq. ft. office building in a prime location within Midtown, London, directly opposite the main entrance to Goldman Sachs’ new European headquarters, and adjacent to Deloitte’s UK Campus in New Street Square. Advantageously located on the Central, District, and Circle London Underground lines, as well as City Thameslink mainline railway, the asset will also have access to the Elizabeth line, which is due to open later this year, connecting it to Heathrow, Gatwick and Luton airports.
The investment will capitalise on the strong demand from occupiers looking to locate in this sub-market of London. Midtown has a low vacancy rate of below 4% as the area continues to attract a diverse group of occupiers, including those operating in the professional services and TMT sectors, due to its close proximity to the City of London and the West End.
The deal marks Henderson Park’s eleventh investment and its first in the London office market. Athene Place joins a portfolio of hospitality, multifamily, and office assets in London and other Western European capital cities.
Nick Weber, 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.”
For Henderson Park: Richard Sunderland: 020 3727 1489 / Richard.Sunderland@fticonsulting.com
NOTES TO EDITORS:
About Henderson Park
Henderson Park is a real estate investment platform which was launched by Nick Weber in late 2016 and has already built a $3.4 billion portfolio of landmark European real estate assets across four countries. Henderson Park is backed by three cornerstone investors: Stone Point Capital, Kuwait Investment Authority and Wafra Investment Advisory Group.
Henderson Park has been established to invest in European real estate, primarily targeting gateway cities and seeking investments in both assets and companies. Henderson Park will pursue opportunities across a wide variety of commercial real estate sectors.
Henderson Park is led by Nick Weber, its Founding Partner and CEO. Nick has over 20 years of real estate experience, including most recently as Head of Europe for Mount Kellett and previously at Goldman Sachs for 14 years, where he was a Partner and Co-Head of its European Special Situations Group.