Clifford Chance has advised on a joint venture between KKR and Hondo Enterprises regarding the acquisition of the Highgate Studios development in Kentish Town, London.
The development has been sold by London Buildings through special purpose vehicles comprising three private family investors.
It is a 210,000 sq ft office campus and multi-let to main tenant Rocksteady Studios, as well as tenants including software and digital engineering firm, Softwire Solutions. Rocksteady Studios is a subsidiary of Warner Bros and produced the Batman: Arkham series.
Taylor McWilliams, managing partner at Hondo Enterprises, said: “In partnership with KKR we are acquiring the Highgate Studios site in Kentish Town and unifying it under our single ownership and management.
“We are planning to deliver a series of environmental and sustainability improvements to the development and currently engaging with tenants across the site to identify their future needs to continue operating successfully on the site. Our tenant-led development will be fully ESG-compliant.”
Real Estate partner Franc Peña, who led the transaction, added: “We were delighted to advise on this acquisition for another exciting development in London bringing together two of our key clients, Hondo Enterprises and KKR.
“It is this kind of approach where we can add really value beyond the legal advice and demonstrate our expertise as strategic business advisers.”
The Clifford Chance team was led by Real Estate partner Franc Peña, supported by senior associate Alice Raine.