HFF advises FORE Partnership in £70 million acquisition loan for Tower Bridge Court, London

Tower Bridge Court Office Building,
London, England

LONDON, ENGLAND –– HFF Real Estate Limited (HFF) announces the £70 million acquisition financing of Tower Bridge Court, an iconic office building located in London’s South Bank submarket.

The HFF team advised FORE Partnership on the transaction, and the financing was provided by a leading debt fund.  In conjunction with this acquisition loan, the lender is also extending financing toward the refurbishment of the property.

Aurélien Collignon

Tower Bridge Court is the closest privately owned building to Tower Bridge, a global landmark with international appeal.  Originally developed in 1990, FORE Partnership plans to reposition Tower Bridge Court into a forward-looking workspace. 

 The result of the refurbishment will be a true “jewel box” building with increased lettable area and improved amenities, all while prioritising FORE Partnership’s sustainability and social impact principles. 

Aurélien Collignon, investment director at FORE said, “We are tremendously excited to have closed on this landmark asset in one of London’s most compelling submarkets.  HFF worked quickly to assist us with thinking through the financing of this transaction and brought forward a number of debt funders that provided very compelling terms.”

Claudio Sgobba

The HFF debt placement team included managing director Claudio Sgobba and director Andrew Hornblower. 

“Tower Bridge Court is an iconic and exciting transaction that exemplifies FORE’s abilities as a savvy investor to identify and unlock value through its deep knowledge of real estate, engineering, sustainability and capital markets,” Sgobba said.

“We are thankful to have worked with the team on this transaction and are looking forward to many more opportunities to assist them in the future,” Hornblower added.

FORE Partnership is a transformational real estate investment firm that addresses the specific needs of family offices and private investors for greater alignment of their property investments with their core values.

  FORE’s investment approach drives returns with a holistic view on sustainability, design, occupational trends, community, and the built environment. 

Andrew Hornblower

 The firm calls this approach “responsible real estate.”  FORE has developed a direct co-investing platform that sources, manages and realises value through hands-on, creative real estate strategies in the UK and Western Europe.

  The team has a successful €5 billion track record spanning three decades.  FORE’s co-founders are Basil Demeroutis who was previously a Partner of Capricorn Investment Group, a private investment firm, and Cording Real Estate Group, the European property investment and asset management firm.  

For more information, please contact:

KRISTEN MURPHY

HFF Director, Public Relations

(617) 338-0990

krmurphy@hfflp.com

www.forepartnership.com