Financial Times – Meadow Partners Acquires 125 Kensington High Street

From Financial Times:

Meadow Partners, the private equity group, has taken control of a retail and office block at 125 Kensington High Street in London following a £100m consensual restructuring of the debt with the lenders and former owner of the property.

The deal is the latest sign of opportunistic investors securing prime property in London by offering solutions to the banks that originally backed the investment, in this case by offering a recapitalisation of the debt structure that al lows the original owner to exit and the banks to retain future interest.

Meadow Partners, headed by Jeffrey Kaplan, former managing principal of Westbrook Partners, has acquired the property for its Meadow Real Estate Fund 1, and intends on driving value of the property through improving the retail offe ring in the block.