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TH Real Estate advises AustralianSuper on its 25% stake in to King's Cross Central

Kings Cross

AustralianSuper has agreed to buy a 25% stake in King’s Cross Central, in its first London investment and its second in the UK. AustralianSuper will join the King’s Cross Central Limited Partnership (KCCLP) investors which include Argent King’s Cross LP, backed by Hermes Investment Management (Hermes) and Argent, as well as London & Continental Railways Limited (LCR) and DHL Supply Chain.

The acquisition follows TIAA Henderson Real Estate’s (TH Real Estate’s) appointment as Investment Manager by AustralianSuper for its emerging central London office property investment strategy last year.

The 67-acre King’s Cross site will remain a single entity, managed under the current ‘one estate' approach with Argent remaining as developer and asset manager.

The central London exemplar, mixed-use development has become one of the city’s most successful neighbourhoods, and over the next five years will add more homes, offices, schools, retail, leisure and cultural and community spaces to the area. When the scheme is complete, there will be over 50 new and refurbished buildings totalling 8m sq ft GEA (5.8m sq ft NIA), with a total value in excess of £5bn.

Issued by Henderson Real Estate Asset Management Limited, 201 Bishopsgate, EC2M 3BN. Authorised and regulated by the Financial Conduct Authority.TH Real Estate is a name under which Henderson Real Estate Asset Management Limited provides investment products and services.

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