Dentons has advised Glade Capital, a London-based real estate investment company, on its acquisition of Hope House on 45 Great Peter Street in London.

Acquired from the London Borough of Southwark, Hope House is a mixed-use building in Westminster, Central London. Dentons advised on the acquisition of the building and leasing simultaneously the six vacant floors to a long term tenant. The building is also currently occupied by Pret a Manger and a dental surgery.

Glade Capital was founded in 2019 to target Central London value add real estate investment opportunities. Glade can invest across the capital structure (equity and/or credit) and utilises a proprietary approach to originating, evaluating and executing on real estate investment opportunities.

Lior Eisenberg, founding partner of Glade Capital, said, “The Hope House investment represents our commitment to quality assets well located in Central London. We are delighted to have fully let this asset and built a sustainable long term income.

“We are in an exciting growth phase and Glade continues to look for strategic acquisitions in Central London enabled by our experienced management team and Glade’s clear investment philosophy.”

Deepa Deb, partner in Dentons’ Real Estate team in London who led on the deal, said, “The investment market for prime Central London real estate is still buoyant despite reports of subdued activity across the UK. We are pleased to have advised Glade Capital on this significant addition to its portfolio.”

Alongside Deepa Deb, Edinburgh Real Estate associate John Young and Glasgow Construction Partner, Mark Macaulay also advised.