May 5, 2021
London – A Joint Venture between Sixth Street, a leading global investment firm, and Henley Investments, a leading private equity real estate firm based in London, has completed the purchase of New Square, Bedfont Lakes in Feltham, West London. The joint venture delivered a timely, fully committed solution to the previous owner.
Comprising eight buildings across 374,000 sq ft, Bedfont Lakes is located just one mile from Heathrow Airport and boasts access to central London in c.30 minutes. The office park has a solid existing tenant mix including global, blue chip corporate and government occupiers. The park includes one of the highest car parking ratios in its market as well as great access to local infrastructure. The joint venture plans to invest in the business park to add amenities and enhance the attractiveness of the park for current and future occupiers.
Commenting on behalf of the joint venture, Justin Meissel, CIO and Managing Director Europe of Henley, said: “We are excited to have partnered with Sixth Street’s London based real estate team on this fast-moving transaction. This purchase demonstrates Henley’s ability to identify potential within high quality, well located assets, and develop forward-thinking business plans to enhance properties for the modern, post-COVID occupier. Offices will continue to evolve, and fit-for-purpose assets and locations such as Bedfont Lakes will, when properly positioned, remain attractive to top quality tenants. Our team is looking forward to working with the occupiers to deliver a best-in-class office environment. We are actively evaluating other such investment opportunities where we can offer sellers transactional speed and execution certainty.”
The Bedfont Lakes acquisition sits within Henley’s operational joint venture with Colmore Capital, who will support the execution of the business plan for the property. Jones Day, Ropes & Gray and Savills acted on behalf of the joint venture.
Sixth Street is a global investment firm with over $50 billion in assets under management and committed capital. Our dedicated real estate team partners with property managers and institutional investors to acquire, finance, and provide servicing expertise across the global real estate sector. Our long-term oriented, highly flexible capital base and “One Team” cultural philosophy allow us to invest thematically across sectors, geographies, and asset classes. Founded in 2009, Sixth Street has more than 320 team members including over 145 investment professionals operating from nine locations around the world. For more information, visit www.sixthstreet.com or follow Sixth Street on LinkedIn.
Established in 2006, Henley is a leading global private equity real estate investor focusing on investment, development and asset management in commercial, residential, multifamily, healthcare, land infrastructure and alternative real estate assets. The company currently has deployed around $3 billion of capital across Western Europe and North America.