Hillcrest Private Equity Real Estate (PERE) have acquired Premier House, a prominent multi-use building situated on London Road, Twickenham. This marks the first acquisition by Hillcrest PERE, an investment vehicle established in late 2023 by Sun Capital and Deva Capital, and managed by Sun Capital. Hillcrest has successfully secured £250m of equity commitments to deploy in UK real estate opportunities across the capital stack.
Jamie Mount, Managing Director of Hillcrest PERE commented: “We are delighted to have acquired our first investment, Premier House. The building is well-located, anchored by Waitrose and has strong growth potential. We continue to see exciting UK real estate opportunities and are keen to deploy additional capital particularly for income producing assets.”
Partner Lee Foxcroft commented: "We are delighted to have been involved in Hillcrest PERE's first acquisition of this prime asset."
The Mishcon de Reya team was led by Lee Foxcroft (Partner, Commercial Real Estate), with assistance from Jenna Oppong (Associate, Commercial Real Estate), Rebecca Gough (Associate, Planning), Isabella Adams (Managing Associate, Real Estate Tax) and Jessica Davis (Trainee, Real Estate Tax).
With over 130 fee earners including 43 partners, Mishcon de Reya's Real Estate department is one of London’s largest and most diverse property teams. Our Real Estate department comprises well-regarded specialist practice areas and provides a one stop shop for all of our clients' property requirements. The team provides a seamless service from investment, structuring, funding, acquisition and planning, through to construction, development, tax and litigation advice.