Henderson acquires 90 Queen Street for £61 million (UK)

Henderson Global Investors’ c. £12.7 billion Property Business has added 90 Queen Street, London, EC2 to its investment portfolio on behalf of its German joint venture, Warburg-Henderson. It has been acquired for £61 million, which provides an initial yield of 5.4% after costs.

Martin Payne, Fund Manager at Henderson, who is responsible for the JV's investment in the UK markets, commented: "We have acquired a strong asset with good income potential from a strong covenant paired with a prime City of London location. It offers optimum conditions for stability which will now allow us the opportunity to diversify the portfolio further with future acquisitions. We will now be widening our net in search of quality well-let assets elsewhere in the UK."

Henderson was advised by Montagu Evans and Osbourne Clarke. GPE was advised by GM Real, Strutt & Parker and BLP.

Source: Henderson 

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