Nick Weber’s investment platform, Henderson Park, has acquired a prime high street mixed-use building on Gran Via in Madrid backed by €39M of senior acquisition financing from La Caixa.
The 7,347m² multi-let high street property is spread across 11 levels, with two units on the lower two floors and offices in the rest of the building. The seller was a Spanish laywers pension fund known as Mutualidad General de la Abogacia.
This is the third investment Henderson Park has completed in Spain, following their acquisition of a site in Barcelona to develop a 20,000m² 750-bed student housing project and the acquisition of Los Cubos office property in 2017.
According to Nick Weber, «this acquisition presents a rare opportunity to invest in a prime central Madrid location that offers considerable asset management potential». He added that the investment team is «“confident in the prospects for the Spanish market which has enjoyed a strong economic recovery and continues to draw high tourist numbers”
About Henderson Park
Henderson Park is a real estate investment platform which was launched by Nick Weber in late 2016 and has already built a $3.5 billion portfolio of landmark European real estate assets across four countries. Henderson Park is backed by three cornerstone investors: Stone Point Capital, Kuwait Investment Authority and Wafra Investment Advisory Group. Henderson Park has been established to invest in European real estate, primarily targeting gateway cities and seeking investments in both assets and companies. Henderson Park will pursue opportunities across a wide variety of commercial real estate sectors.
Henderson Park is led by Nick Weber, its Founding Partner and CEO. Nick has over 20 years of real estate experience, including most recently as Head of Europe for Mount Kellett and previously at Goldman Sachs for 14 years, where he was a Partner and Co-Head of its European Special Situations Group.