Ashurst advises Hillcrest Private Equity Real Estate on acquisition of 60 Great Portland Street

"Ashurst advised Hillcrest Private Equity Real Estate on its acquisition of 60 Great Portland Street, Fitzrovia, from Nuveen Real Estate and on financing secured through a £100 million loan from Birchwood. The mixed-use property comprises c.65,400 sq ft of offices and c.11,100 sq ft of retail. Hillcrest is an institutional-backed investment platform with £250m of equity."

Ashurst advised Hillcrest Private Equity Real Estate on its acquisition of 60 Great Portland Street, Fitzrovia, and on the financing arranged through a £100 million loan from Birchwood. The transaction involved the purchase of 60 Great Portland Street from Nuveen Real Estate. The mixed-use property comprises approximately 65,400 sq ft of office accommodation and around 11,100 sq ft of retail space. Hillcrest Private Equity Real Estate is an investment platform backed by an institutional investor with £250 million of equity. The platform is able to invest across all real estate asset classes and across the capital structure. The acquisition was accompanied by financing provided by Birchwood in the form of a £100 million loan. Ashurst represented Hillcrest Private Equity Real Estate with a team composed by: Lee Foxcroft, real estate partner; Michael Condlyffe, senior associate; Stuart Blacklock, partner (advising on financial aspects); and Rory McCracken, associate (advising on financial aspects).

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Ashurst advises Hillcrest Private Equity Real Estate on acquisition of 60 Great Portland Street

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Ashurst advises Hillcrest Private Equity Real Estate on acquisition of 60 Great Portland Street

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