Closed Fund

Central London Office Fund II

Established in 2010, the Fund provides access to exciting active management opportunities within Central London.

Key facts

Target sector Central London offices
Target return The Partnership seeks to deliver a target annualised and compounded IRR of 10.0% per annum on invested capital over the life of the Partnership.
Fund structure Limited Partnership with Jersey Property Unit Trust Feeder
Fund term 5 years plus max 2 years wind-down
Currency Sterling
Fund value c.£95m(c.$116m)
No. of assets 1 indirect
Max gearing Target 30-40%
Fund Manager Clive Castle
Investment strategy To provide investors with attractive total returns in the Central London office market by employing specialist asset management skills and the prudent use of gearing.

Responsible Property Investment strategy

The Central London Office Fund II has limited exposure to sustainability risks and opportunities due to its make up and small size. The Fund implements TH Real Estate’s Responsible Property Development policy and targets, supports occupiers' sustainability initiatives and has an interest in our extensive sustainable property management programme on the Vanquish portfolio.

Further information on TH Real Estate's Responsible Property Investment strategy

 

 

Note: Target returns are not guaranteed.
Source: TH Real Estate, December 2016

 
Clive Castle

Clive Castle

Fund Manager

Clive's biography
The Partnership is well-placed to enhance value through active management strategies.
Leadenhall Triangle, City of London

40 Leadenhall Street, City of London

Planning permission was achieved in 2014 for a 900,000 sq ft (c.84,500 sq m) NIA high quality building at 40 Leadenhall Street, London, UK. The development varies between 7 and 34 storeys, with its highest point 154m above ground level.  

Sustainability is high on the design agenda: The building will reduce carbon emissions by over 40% compared to current regulations, and will achieve Excellent BREEAM standard with measures to reduce solar gain, parking for 1,067 cycles and almost 100 showers. 

The scheme is capable of being brought forward this year with completion anticipated by autumn 2019.

Note: Past performance is not a guide to future performance.

Mark Carpenter

Mark Carpenter

Fund Director

Mark has over 40 years’ experience in the real estate industry. He works closely with a number of fund teams as Fund Director, advising on strategies and managing client relationships.

+442037278126 More about Mark
Clive Castle

Clive Castle

Fund Manager

Clive has over 30 years' experience specialising in the Central London office market. Since joining the company in 1996, he has delivered consistent performance against his benchmarks and been involved in a wide range of successful investment, development and active management.

+442037278127 More about Clive
Peter Neal

Peter Neal

Senior Portfolio Manager

With over 11 years’ experience, Peter specialises in the Central London office investment market. He joined the company in 2010 to work in the Central London Office team, where he is now responsible for the investment and asset management function for the London component of the Cityhold Office Partnership.

+442037278173 More about Peter
Ilan Patel

Ilna Patel

Senior Portfolio Manager

Ilna has nine years' experience within the property market, with a strong valuation and analytical background, She has been specialising in asset management, acquisitions and disposal activity in the Central London office market since joining the Business in 2011.

+442037278256 More about Ilna
Alex Williamson

Alex Williamson

Fund Analyst

Alex is a Fund Analyst, responsible for portfolio and investment analysis, portfolio and asset modelling and forecasting, and investor reporting.

+44 (0)20 3727 8225 More about Alex
Christina Swann

Christina Swann

Finance Manager

With over 10 years of experience in Finance, Christina is responsible for pricing, reporting and financial statements for the Central London Office Fund.

+442037278210 More about Christina
Wayne Saville

Wayne Saville

Senior Client Services Manager

Wayne Saville is Senior Client Services Manager within Investor Relations at TH Real Estate. He is responsible for client services across a range of segregated clients, UK and European funds and fund of funds.

+44 (0) 20 3727 8201 More about Wayne