Cerberus Capital Management and Highgate have signed a sale and purchase agreement for the acquisition of Dorsett City London, located at 9-13 Aldgate High Street in London from subsidiaries of Hong Kong–based Far East Consortium International Limited.
Located in the heart of London’s financial district with a strong reputation for luxury and service, Dorsett City London is well positioned to capitalize on the ongoing economic recovery. This transaction further strengthens Cerberus’s and Highgate’s presence in the U.K. and European hospitality sector and is the latest partnership between Cerberus and Highgate, which includes the recent joint purchase of six hospitality portfolios from Colony Capital earlier this year.
“We see significant opportunities in the U.K. and European hospitality sector that play to our strengths and disciplined approach to long-term investing,” said Lee Millstein, president of Cerberus Global Investments and global head of real est
