Meadow Partners Acquires Office Building in London’s Victoria Market
LONDON – September 6, 2022 – Meadow Partners (“Meadow”), an institutional middle-market real estate investor, today announced that it has acquired 20 Victoria Street, SW1, an office building in London’s Victoria market. The acquisition follows the firm’s purchase of neighboring 10-18 Victoria Street, SW1 in June 2015, and marks Meadow London Core-Plus Fund LP’s ninth investment.
Originally constructed in 1974 and refurbished in 2018, 20 Victoria Street is a nine-story building comprised of approximately 13,185 square feet of flexible office accommodations with features including VRF air conditioning and an 8-person passenger lift. The building is well-situated near the Royal Parks of St James’s Park, Green Park, and Hyde Park as well as excellent transport links, with three of London’s six most trafficked mainline stations -- London Victoria, London Waterloo, and London Charing Cross -- within a 15-minute walk.
Andrew McDaniel, Co-Founder and Partner at Meadow Partners, said, “We are excited to acquire this attractive office property in a sought-after market and leverage our experience in Victoria to scale our footprint in the area.”
Over the last few years, Victoria has undergone significant developments providing a range of amenity offerings for residents and workers, including luxury hotels, grand theaters, bars, and restaurants that have created a vibrant 24-hour ‘village’ environment. The neighborhood is expected to be home to an additional 1.1 million square feet of mixed-use commercial space to be developed by 2026.
Mike Tremayne, Principal and Fund Manager at Meadow Partners, added, ‘’Having successfully executed on our core-plus thesis through previous office investments at 9-13 St. Andrew’s Street, EC4, 20-22 Tudor St, EC4, The Harlequin Building, SE1 and C-Space, EC1, we are pleased to recycle some of our proceeds into the heart of the rapidly evolving, mixed-use Victoria real estate market.”
Levy Real Estate and Blake Morgan advised Meadow on the acquisition. Avison Young acted for the seller.
About Meadow Partners
Based in New York and London, Meadow Partners is a $5.8 billion vertically integrated real estate investment manager specializing in global middle-market transactions. Since inception in 2009, Meadow has leveraged its unique platform including in-house project management, development and construction to execute on investment opportunities across multifamily, office, industrial and retail investment on behalf of institutional investors globally. Meadow currently employs 28 professionals and manages a series of commingled opportunistic funds, a perpetual life vehicle, and two core/core-plus separately managed accounts. For more information, please visit https://www.meadowpartners.com/.
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