BC Partners makes first buy for new real estate strategy

BC Partners Real Estate has made its first acquisition on behalf of its real estate strategy, which was launched last May to identify pan-European investment opportunities across real estate sectors.

The firm bought Wingate House, a 70,000-square-foot mixed-use building in London’s Soho area from Conegate Ltd. for an undisclosed amount.

The building comprises seven floors of office space and three floors of retail and leisure space, including the Curzon Soho cinema. BC Partners said it plans to refurbish the building to improve both the office and retail space, working with operating partner Seaforth Land.

“Office space in prime Central London locations continues to be highly sought after,  but supply remains restricted,” said Stéphane Theuriau, partner and head of BC Partners. “We are excited to have made our first investment in London and to put our strategy into action to develop design-led, customer-centric workspaces in defensive central locations