Enka acquires landmark London office building

Turkish engineering, construction, and real estate company Enka has acquired Park House, a landmark office building located at 16 Finsbury Circus in London. 

Park House

The deal, valued at approximately £186 mln (€218.4 mln), was executed by Enka UK Properties, a wholly-owned subsidiary of Enka. The seller was a fund managed by asset manager DWS.
Park House, originally constructed in the 1920s and extensively redeveloped in 2008, offers 15,329 m² of office and 8,547 m² of retail space. Located just minutes from Liverpool Street Station, it accommodates a diverse roster of reputable tenants, including international consulting and technology firms.
Mehmet Tara, chairman of Enka, said: "This acquisition reflects ENKA’s long-term confidence in London as a resilient global financial and cultural hub. It also aligns with our strategic goal of expanding our real estate footprint in mature markets that offer stable returns and long-term growth potential." 
Murat Duran, president of Real Estate Operations at Enka, commented: "This London acquisition is both a financial investment and a strategic statement about Enka’s confidence in world-class, sustainable urban environments."
Jamie Acheson, head of UK Investment at Feldberg Capital, added: “Park House is an institutional grade, prime office asset in an unparalleled City location. This acquisition demonstrates our strong conviction in the Central London office market, which continues to display highly compelling market fundamentals, with an acute supply shortage of Grade A supply driving significant rental growth.”
Feldberg Capital advised Enka on the transaction.