Canada SWF, Henderson Buy £175M U.K. Asset

A Canadian sovereign wealth fund has partnered with Henderson Global Investors to acquire the Leadenhall Triangle scheme in London.

A Canadian sovereign wealth fund has partnered with Henderson Global Investors to acquire the Leadenhall Triangle scheme in London, Property Week reports. The group paid for £175 million for the scheme that is currently in administration.

The asset will be one third owned by Henderson’s Central London Offices Fund I, one third by its Central London Offices Fund II and one third by the Canadian fund. PricewaterhouseCoopers was the administrator and Cooke & Powell was asset manager and adviser on the sale.

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