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Madison International Realty Acquires Stake In London Skyscraper, Salesforce Tower

June 24, 2021

LONDON, June 11, 2021 — Madison International Realty, a leading real estate private equity firm, announces that it has acquired a minority stake in the Salesforce Tower, London EC2, through a Jersey Property Unit Trust (JPUT), joining other investors including Heron International. The 230 metre tower, completed in 2011 at 110 Bishopsgate, is an island site in the City of London and provides 441,000 sq ft of office space over 37 floors. The property is over 93% let to a range of tenants, the largest of which is Salesforce. The Salesforce Tower also has an outstanding food and beverage offering with Duck and Waffle and Sushi Samba at the very top and the Drift on the ground floor. The building has a BREEAM ‘Excellent’ rating for design. The asset’s central location in the core of the City of London means it benefits from excellent transport connectivity, with Liverpool Street and Bank within a short walking distance. Similarly, there are a large number of new world class food, drink and entertainment options nearby including the new Pan Pacific hotel adjacent at Heron Plaza and Eataly in Broadgate. In January 2021, an ING-led syndicate of lenders completed a £400 million, five-year refinancing of the Tower.

Alex Lukesch, Managing Director at Madison International Realty commented on the investment: “This acquisition has allowed us to secure a stake in a prominent London office building, which we believe delivers space that meets the demands of modern occupiers looking for world class offices in one of the world’s leading financial centres. “The investment reflects our conviction in the ongoing resilience of the office sector and the role we believe it will play post pandemic. We have observed that demand for quality, well located space remains robust, while companies are increasingly looking for properties that also have strong ESG credentials to help meet their own sustainability targets. In Heron we believe we have an experienced and highly regarded partner and we look forward to working with them on this venture.” About Madison International Realty Madison International Realty ( is a leading liquidity provider to real estate investors worldwide. Madison provides equity capital for real estate owners and investors seeking to monetize embedded equity, to replace capital partners seeking an exit and to recapitalize balance sheets. The firm provides equity for recapitalizations, partner buyouts and capital infusions; and acquires joint venture, limited partner and co-investment interests as principals. Madison invests in secondary transactions and focuses on existing properties and portfolios in the U.S., U.K., and Europe. Madison has offices in New York, London, Amsterdam, Luxembourg and Frankfurt, where the firm operates under the name of Madison International Realty GmbH. Contact: Madison International Realty Richard Sunderland/Claire Turvey/Andrew Davis (UK/Europe) FTI Consulting Inc Email: Phone: +44 (0)203 727 1000 Michelle Manoff (US) Rubenstein Public Relations Email: Phone +1 212-805-3051

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