Investor consortium acquires 65 Kingsway for £59m
Clearbell Property Partners and three international co-investors have acquired London office block 65 Kingsway, WC2, for £59m.
The freehold 70,440 sq ft office block was bought by Clearbell Property Partners and additional capital was sourced by three other investors from the US, France and Finland.
The building was formerly the headquarters for Kodak but is now occupied by tenants including international education charity Ark, men’s shirt store Eton, fitness chain Arena 8, and Soho Coffee Shops.
Clearbell Property Partners and three international co-investors have acquired London office block 65 Kingsway, WC2, for £59m.
The freehold 70,440 sq ft office block was bought by Clearbell Property Partners and additional capital was sourced by three other investors from the US, France and Finland.
The building was formerly the headquarters for Kodak but is now occupied by tenants including international education charity Ark, men’s shirt store Eton, fitness chain Arena 8, and Soho Coffee Shops.
Capital Real Estate advised the seller; Clearbell was advised by Fairbrother and BCLP.
Laxfield Capital provided the loan facility.
It is Clearbell’s first investment in London in two years. It purchased private members’ club Sloane Club with developer Queensway for £80.6m in October 2017.
The club has around 3,700 members and provides lounges, casual and formal dining, a bar, meeting rooms, a spa and more than 130 bedrooms across 75,000 sq ft in prime central London.
To send feedback, e-mail lucy.alderson@egi.co.uk or tweet @LucyAJourno or @estatesgazette
