Feldberg Capital has completed the first transaction for its new ReForm Fund, with the purchase of 8 Bloomsbury Street in London WC1 from an undisclosed institutional investor.
The ReForm Fund will transition brown office to green workplace and targets amenity-rich central London growth locations with excellent connectivity, such as Soho, Fitzrovia, Marylebone and Bloomsbury. The Fund has received significant backing from a cornerstone U.K. institutional investor, achieving first close in October of this year. It has a fundraising target of £300 million (€349 million/$376 million), which will provide firepower of around £500 million (€581 million/$626 million) including leverage.
8 Bloomsbury Street, which was refurbished by architects Buckley Gray Yeoman
