- July 1, 2011: Vol. 5, Number 7

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Henderson Buys London Portfolio


Henderson Global Investors has agreed to buy a group of properties in London known as the Leadenhall Triangle. PricewaterhouseCoopers (PwC), which acted as administrators for the property, said in a statement that the price was subject to confidentiality clauses, but estimated it to be around £190 million (€213 million).

The properties, located in the City of London, had outstanding debt of £172 million (€193 million). PwC was brought in following a default by the borrower in 2010.

The Leadenhall Triangle portfolio comprises 52–56 Leadenhall Street/17–18 Billiter Street; 49 Leadenhall/22 Billiter Street; 109–114 Fenchurch Street; 100 Fenchurch Street; and 9–13 Fenchurch Buildings.

In other news, Henderson has acquired a retail park in Kent on behalf of its UK Re

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