HRE press release on 20.12.2018

HRE press release on 20.12.2018

    Project Info

    Project Description




    Hillview Real Estate acquires the landmark Lawnswood Business Park in Leeds, showing strong conviction in UK regional markets

    • Hillview Real Estate acquired a £26.5m eight building business park in Leeds
    • UK regional property offers potential long term value to investors
    • Brexit has created favourable regional investment market

    19 December 2018, London – Hillview Real Estate (HRE), the Real Estate division of The Hillview Group (THG)
    has acquired the Lawnswood Business Park for £26.5m, the park comprises an eight-building portfolio of
    commercial office properties in Leeds. The acquisition comes as HRE have identified a post-Brexit pricing
    dislocation in UK regional markets across office and industrial properties. The market shifts have been driven by
    a general perception of uncertainty in the UK economy, suppressing value in high-quality regional property.

    The portfolio of eight buildings, currently let to 17 tenants including: government agencies, technology and
    financial services companies and other SMEs, continues HRE’s focus on investing in high-quality regional
    property generating value maximised income through pro-active asset management; engaging directly with
    occupiers to ensure optimal use of office space as market trends evolve. The acquisition was funded by ICGLongbow,
    under a senior debt facility.

    Nadav Livni, Managing Director of The Hillview Group said, “While Brexit may be creating significant political
    uncertainty, the hesitancy from European and foreign investors offers opportunities for UK investors with a long-term
    perspective to established high-quality and diverse regional portfolios. Following Brexit there is an

    opportunity for the government to massively boost the UK economy by investing in regional areas and this will
    benefit the regional office and industrial property sectors. Having such a strong talent pool, infrastructure,
    access to capital and leading-edge innovation, I am hugely optimistic about the long-term prospects of the UK
    as a global hub of high-value manufacturing industries and services.”

    David Mortimer, Head of Senior Debt at ICG-Longbow said, “We are delighted to have concluded our fifth
    senior debt deal with Hillview Real Estate as they continue to grow their portfolio. Their focus on high quality
    regional properties in the UK mid-market space matches our own, and we look forward to building on our
    already strong relationship with the Hillview Group as it continues to expand.”

    In the past two years THG has expanded its investment activities with acquisitions totalling over 500,000 square
    feet, despite the unclear outcome of the UK-EU Brexit negotiations. The Hillview Partners Property Funds have
    provided consistent returns through a carefully selected portfolio of well-located risk-mitigated, high-quality
    office and industrial properties across the UK, and there are plans for the launch of a third fund in 2019.

    Bradley Pearlman, Partner at THG responsible for Investor Relations added, “Investors are highly selective to
    identify those investment managers with a strong alignment of interest, a successful track-record of value
    creation across the real estate cycle, and the skill-set as an active asset manager to capture the evolving
    requirements of occupiers desiring flexibility. THG has established its reputation with investors over the last
    decade. Based on the strong interest from investors, we are making plans to launch Hillview Partners Property
    Fund III”

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    About Hillview Group

    The Hillview Group (THG) is an independent Merchant Bank and Alternative Asset Manager, with offices in
    London and New York, targeting long-term investments in the asset-back sectors of commercial real estate,

    healthcare, leisure, financial services, multi-family and structured lending. THG provides specialist investment
    and advisory services to a global client base comprising governments, institutional, family offices and high net
    worth individuals.

    Hillview Real Estate (HRE) is a comprehensive Asset Management platform specialising in commercial property
    across the UK, with a focus on a total return strategy which is risk-mitigated at sector, asset and occupier
    levels, providing investors with both wealth preservation and capital growth.

    Hillview Capital is a principal investor and active manager which, together with trusted THG partners, invests
    into proprietary business opportunities in its core sectors of real estate, healthcare, consumer, leisure,
    industrial, and financial services.

    For more information please contact:
    Tom Gilby, The PR Office                       +44 207 284 6969

    About ICG-Longbow

    ICG-Longbow, the real estate business of Intermediate Capital Group PLC (“ICG”) is an investment manager
    focused on the UK commercial property debt market with £3.6 billion of assets under management.

    ICG is a specialist asset manager in private debt, credit and equity with approximately €33.6 billion of assets
    under management on behalf of third party investors and the ICG plc balance sheet. ICG is a member of the
    FTSE 250 and has a market capitalisation of €3.6 billion.

    To date ICG-Longbow has provided over £2.9bn of senior, mezzanine, whole loan, equity and development
    finance to some of the UK’s leading property companies.

    To find out more about ICG visit
    *As at 31 September, 2018

    For more information please contact:
    ICG-Longbow, Olivia Montgomery        +44 203 201 7508
    Maitland, Seda Ambartsumian              +44 207 379 5151