November 14, 2018HENDERSON PARK LEASES 75,000 SQ FT TO DELOITTE AT NEWLY ACQUIRED ATHENE PLACE
London, 14 November 2018 – Henderson Park, the European real estate investment platform, announces that it has agreed a 75,000 sq. ft. pre-let of around 50% of the office space at Athene Place, 66 Shoe Lane to Deloitte on a 15 year lease.
Over the summer Deloitte vacated the building which it previously fully occupied, as the firm consolidated its campus and occupied its new headquarters at 1 New Street Square. Athene Place will become the new purpose built studio for Deloitte Digital following a full refurbishment of the building by Henderson Park.
Athene Place was acquired by Henderson Park in June and is located at 66 Shoe Lane, a location which allows it to form part of Deloitte’s London Campus. It is a 147,000 sq. ft. office building in a prime location within London’s Midtown, directly opposite the main entrance to Goldman Sachs’ new European headquarters.
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. 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.
Nick Weber, Founding Partner of Henderson Park, said: “When we acquired Athene Place a few months ago we had identified it as an exceptional building with huge potential, particularly given its location in an area of central London that offers superb transport connectivity. This letting to the building’s former tenant really endorses that belief and is a testament to our exciting plans to refurbish the building. We have received interest from a number of potential tenants for the remainder of the space and intend to commence our refurbishment plans later this year.”
Sam Roddick, EMEA head of Deloitte Digital, said: “The last five years at Deloitte Digital have seen such growth that we are quickly outgrowing our purpose built studio, The Buckley Building. Acquiring this new space is one of the best creative briefs we could ask for, as it’s a total blank canvas and we can once more design what we think the future of work should be. This new building will not only better support the bright future of Deloitte Digital, but with a much closer location, the transformation journey of our entire business, and of course that of all of our clients.”
Endurance Land is acting as the development manager for Athene Place. BH2 advised Henderson Park while DeVono Cresa acted for Deloitte. CBRE and BH2 have been appointed to let the remaining 75,000 sq ft spread across floors 2 – 5 of the building with a separate entrance and dedicated reception from Shoe Lane.
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NOTES TO EDITORS:
About Henderson Park
Henderson Park is a real estate investment platform which was launched by Nick Weber in late 2016. It has already built a $3.5 billion portfolio of landmark European real estate assets across four countries and a high quality team of 27 professionals. 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.
The information contained herein shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of any securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration, exemption from registration or qualification under the securities laws of any such jurisdiction.
