Madison International Realty, a leading real estate private equity firm, announces that it has acquired a minority stake in the Salesforce Tower, London EC2, through a Jersey Property Unit Trust (JPUT), joining other investors including Heron International.
The 230 metre tower, completed in 2011 at 110 Bishopsgate, is an island site in the City of London and provides 441,000 sq ft of office space over 37 floors. The property is over 93% let to a range of tenants, the largest of which is Salesforce. The Salesforce Tower also has an outstanding food and beverage offering with Duck and Waffle and Sushi Samba at the very top and the Drift on the ground floor. The building has a BREEAM ‘Excellent’ rating for design.
The asset’s central location in the core of the City of London means it benefits from excellent transport connectivity, with Liverpool Street and Bank within a short walking distance. Similarly, there are a large number of new world class food, drink and entertainment options nearby including the new Pan Pacific hotel adjacent at Heron Plaza and Eataly in Broadgate.
In January 2021, an ING-led syndicate of lenders completed a £400 million, five-year refinancing of the Tower.
Source : Company