Feldberg Capital Secures Covent Garden Asset for €87.7m: Investment Bolsters ReForm Fund’s Portfolio

In a strategic move bolstering its real estate portfolio, Feldberg Capital (Feldberg) has successfully acquired 21-25 Bedford Street, London WC2, for approximately €87.75m, channeling investment through its esteemed ReForm Fund.

Situated less than 100 meters from the iconic Covent Garden Piazza, 21-25 Bedford Street boasts proximity to a vibrant array of world-class restaurants, bars, retail outlets, and theatres. Enhanced by its strategic location, the property enjoys convenient access to both Covent Garden and Leicester Square underground stations, while Tottenham Court Road station, serving the new Elizabeth Line, stands a mere 750 meters away.

With a commitment to environmental, social, and governance (ESG) principles, Feldberg Capital is poised to implement a series of transformative upgrades aimed at enhancing sustainability and community welfare. Notable initiatives include the phased removal of gas boilers, replaced by state-of-the-art air-source and water-source heat pumps, alongside the installation of on-site solar panels. Emphasizing its dedication to social sustainability, Feldberg Capital plans to forge an asset-specific charity partnership, chosen following a comprehensive needs assessment of the local Covent Garden area.

Reflecting on the acquisition, Robert Allen-Mersh, Director at Feldberg, remarked, “This strategic investment underscores our conviction that Central London presents a unique opportunity for investors to capitalize on premier commercial real estate assets at compelling valuations. 21-25 Bedford Street epitomizes a prime mixed-use property nestled in the heart of Covent Garden, brimming with potential for value enhancement through astute asset management strategies.”

Echoing this sentiment, Will Amies, Head of Business Development at Feldberg, emphasized the strategic significance of the transaction within the ReForm Fund’s investment trajectory. “The acquisition of 21-25 Bedford Street marks a pivotal milestone for the ReForm Fund, following its successful venture with the acquisition of 8 Bloomsbury Street late last year. Our ability to swiftly secure two significant transactions underscores investor confidence in our adeptness to deploy capital efficiently into premium assets, even amidst challenging market conditions,” remarked Amies.

With the acquisition of 21-25 Bedford Street, Feldberg Capital continues to affirm its commitment to pioneering sustainable and socially responsible investments, while strategically expanding its footprint within London’s prestigious real estate market.

Jann Confield
Jann Confield
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