Eldridge Real Estate Credit, the real estate investing strategy of Eldridge Capital Management, today announced the provision of an investment loan to finance The Notting Hill Gate Estate, a fully-let, mixed-use portfolio located in London Zone 1. The sponsor is London based private equity group Mago Capital, with Brotherton Real Estate acting as capital adviser to the transaction.
Eldridge Real Estate Credit is focused on investing opportunities throughout the US, UK, and Europe, including term, construction, transitional, and special situation opportunities across the capital structure. The platform has originated over $10 billion in loans, leveraging an experienced team with a disciplined approach seeking to create long-term value.
“As Eldridge continues to expand and diversify its lending platform, we are pleased to support Mago Capital with a flexible facility that enables them to execute their business plans,” said Nikos Yerolemou-Ennsgraber, Senior Director at Eldridge Capital Management. “We are grateful to Brotherton for introducing our team to Mago Capital, and for their partnership and collaboration throughout this transaction.”
The deal takes Mago Capital’s holdings in London to around £500 million. Mago is targeting to make a further £1 billion of acquisitions in the UK over the next 12 – 18 months.
The two-building estate comprises over 144,000 square feet of Grade A office and prime retail space across the North and South Blocks. The properties are anchored by a diverse roster of 29 tenants, including Blackstone’s FORA, OVO Energy, Marks & Spencer, Tesco, Waitrose, McDonald’s, Pret A Manger, and Blank Street. Located opposite the Notting Hill Gate Underground Station and near Kensington Palace Gardens, the estate provides strong connectivity into central London at one of the city’s most prestigious addresses.
“Notting Hill Gate is a thriving, high-footfall location that continues to attract leading office and retail occupiers,” said Tanya Wolfe, Managing Director at Brotherton Real Estate. “We continue to see strong lender appetite for well-located and high quality income producing assets. This financing reflects Eldridge’s commitment to delivering tailored capital solutions across competitive markets.”
Brotherton is an independent real estate capital advisory business operating across all asset classes and UK and European geographies. The firm supports its clients with their financings across the capital stack providing a sophisticated structuring and execution service.
About Eldridge
Eldridge is an asset management and insurance holding company with approximately $70 billion in assets under management that consists of two divisions: Eldridge Capital Management and Eldridge Wealth Solutions. Eldridge Capital Management, through its subsidiaries, focuses on four investment strategies – diversified credit, GP solutions, real estate credit, and sports & entertainment. Eldridge Wealth Solutions, an insurance and retirement solutions platform, is comprised of Eldridge’s wholly owned insurance companies, Security Benefit and Everly Life. Eldridge is wholly owned by Eldridge Industries. To learn more, visit www.eldridge.com.
About Mago Capital
Mago Capital is a London based private equity group with vast experience in owning and operating real estate globally. Mago Capital has been set up to focus on the London market and comprises a team of commercial property specialists. Mago Capital’s projects range from ground-up development to repositioning of existing buildings, through to active asset management across core locations in London. Mago Capital work in partnership with key stakeholders and the local community to unlock a building’s potential.
About Brotherton Real Estate
Brotherton was established in June 2014 to provide best in class real estate debt and equity advisory services. To date Brotherton has arranged over £10 billion of debt across over 350 transactions and raised over £800 million of JV equity in the UK and Europe. Brotherton offer expertise across all aspects of a real estate finance transaction.
View source version on businesswire.com: https://www.businesswire.com/news/home/20251103904636/en/
Media Contacts
For Eldridge
Abby Rex-Groves
arexgroves@prosek.com
For Brotherton/Mago Capital
Tanya Wolfe
t.wolfe@brothertonre.com
