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
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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
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
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 www.icgam.com
*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