Harris Associates have assisted their clients on thousands of transactions across the spectrum. The below sales and acquisitions demonstrate the breadth of investments in order to seek the best returns for our clients
Harris Associates advised Lone Star Funds on its substantial £315,000,000 debut into the student accommodation sector through the strategic transaction of 2,621 beds in 4 landmark locations. Representing the highest quality of PBSA in the UK, the portfolio is the largest transaction of the year to date.
Given its unparalleled relationships, Harris Associates approached Fusion Students on behalf of Lone Star and was instrumental in fostering exclusive negotiations between both parties. Harris Associates acted as the lynchpin to bring the two sides together, carefully crafting a coherent and sizeable portfolio, which was wholly off-market and one-to-one. Lone Star Funds are one of the world’s largest private equity funds with aggregate capital commitments totalling more than $85 billion.
Harris Associates was able to deliver the largest student accommodation transaction of 2021 by instigating and shepherding off-market negotiations given its unrivalled reputation in the sector.
Lone Star Funds put their faith in the Harris Associates team – the new home of student accommodation.
Harris Associates purchased The Johnson Building Estate off-market from Derwent London PLC on behalf of clients ARAX properties Ltd for £170m.
The asset is a substantial 194,000 sq ft office campus, comprising of five statement buildings arranged around a central courtyard. In the heart of Clerkenwell, The Estate is situated on the famed thoroughfare of Hatton Garden.
This prime Soho 23,000 sq ft office and restaurant building was purchased for our clients Hermes Property Unit Trust in 2012 for £16m.
Value add initiatives were put into play which included planning being granted for a change of use to Hotel and private residential.
Harris Associates then sold the assset off market in 2020 to the owner operators of Mortimer House, a dining and members club for £36m which equates to a cap value of £1,565 psf.
The Asset was in need of complete refurbishment.
Harris Associates CEO and Founder Jonathan, originally bought Wingate House for Conegate back in 2014.
This Prime Soho mixed use building, comprises of 70,000 SQ FT of office, cinema and leisure. The investment was acquired in Q4 2019 by BC Partners/Seaforth for £70m.
In November 2016 Harris Associates acquired a portfolio of 3 multi-let industrial estates in excess of 550,000 Sq Ft on behalf of Pears Property. The portfolio was purchased for a price of £43 million reflecting a net initial yield of 6.25%.
Having asset managed all of the estates extensively over a period of 24 months, Harris Associates divided up the assets and subsequently sold all 3 properties individually with a combined total sale price of £70 million.
Harris Associates sold this prime Central London development opportunity.
Harris Associates acted for Melrose Capital for the sale of 17-33 William Road & 35-37 William Road which were the former head offices of Addison Lee. The site was sold to MBU capital for £22.75m The team worked closely with the client, planning advisors and architects in order to evaluate the alternative use potential and come up with the most valuable proposed scheme.
The interest was extremely high as the team conducted over 80 inspections which lead to multiple competitive bidding rounds and culminated in a very successful sale for our client.
Harris Associates acquired the iconic building Lloyds Chambers in Q1 of 2018. The deal was pieced together off market by CEO and Founder Jonathan Harris.
Jonathan Harris approached the three US investors Mike Ryan, James Lapushner and former US Secretary of State John Snow who jointly owned the building with Fuson of China.
A deal to purchase the building of 194,000 sq ft was agreed and concluded at £97m The building is undergoing substantial refurbishment to create 240,000 sq ft of cool Grade A space with a GDV of £240m.
The iconic Bafta and Princes House are located in the heart of St James’s. Well known as an area favoured by many corporate headquarters, the building also houses Princess Arcade located on the ground floor which supplies the area with excellent shopping and restaurant facilities.
Communications are superb with Piccadilly Circus and Green Park underground stations both within easy walking distance providing access to Piccadilly, Bakerloo, Victoria and Jubilee lines.
Previously owned by Pink Floyd and was used in the film ‘About a boy’ staring Hugh Grant.
1 Sekforde Street is situated at the heart of Clerkenwell one of London’s most fashionable office districts. As one of Clerkenwell only ‘green spaces’ Clerkenwell Green is seen as a premium office location and is within a 5 minute walk of the new Farringdon Crossrail station which is due to open in 2022.