UK's AshbyCapital reveals $143.4 mln funding of 127 Kensington High Street

UK-based real estate investment trust AshbyCapital has revealed a 108 million pounds ($143.4 million) financing and renovation of 127 Kensington High Street in London.

The mixed-use project in Kensington will be fully renovated and transformed into one of the premier offices and retail assets in the area. Included in the acquisition is an adjacent retail arcade that serves as the entrance to the High Street Kensington underground station.

The company noted that the financing validates its move for this unique project and frees up further capital as it seeks onwards to next opportunities.

U.S.-based real estate brokerage company HFF Real Estate worked on behalf of AshbyCapital on the financing deal.