Addington Capital makes first investment with Heitman

Heitman and its operating partner Addington Capital, a specialist U.K. investment and property asset-management business, has purchased two contiguous, freehold residential blocks in the West End of London.

The 61-130 Miles Buildings located in Marylebone, in London’s NW1 area, were acquired in connection with Heitman’s global core-plus investment strategy.

The two residential buildings are comprised of 70 units, mostly one-bedroom apartments, spanning approximately 28,000 square feet of living space across five floors. The properties are situated within a rapidly developing area of Zone 1 London, which provides convenient access to four underground train lines within a two-minute walk.

“London’s long-term demographic outlook, supply constraints, highly diversified economy and rapidly recovering demand following pandemic-related lockdowns make well-located residential properties a compelling investment opportunity,” said Caleb Mercer, Heitman’s manag