UK's FORE Partnership Expands Regional Portfolio

Tom Burroughes

29 October 2014

FORE Partnership, the co-investing property platform catering for family offices and private investors, announced yesterday it has launched a new telecoms, media and technology “supercentre” in the middle of Leeds, northern England.

Situated in Greek Street, the 83,000 square foot building will go through a large refurbishment to TMT office space. FORE’s acquisition marks the expansion of its portfolio including the redevelopment of 58 Victoria Embankment in central London and New Telecom House in Aberdeen, Scotland.

“This investment decision has been made following the success of the TMT developments in London,” FORE managing partner Basil Demeroutis said.

The purchase was completed in early September with Knight Frank’s Leeds office and Lewis Ellis acting as agents for FORE. Lloyds Bank was senior lender on the acquisition, according to a statement. FORE has retained Knight Frank and DTZ as joint letting agents and will be launching the repositioned building into the market early in the new year.

FORE Partnership’s co-founders are Demeroutis, previously a partner of Capricorn Investment Group, a private investment firm, and Cording Group, the European property investment and asset management firm. FORE was established in 2012.