Expanding its global real estate portfolio and reinforcing its conviction in prime Central London offices
ENKA, one of Türkiye’s leading global engineering and construction groups, has acquired Park House, 16 Finsbury Circus, London EC2, for approximately £[186]m from a fund managed by DWS, marking a significant milestone in the company’s international real estate investment strategy.
The property — a landmark office building in one of London’s most prestigious commercial districts — strengthens ENKA’s diversified portfolio of high-quality income-generating real estate assets.
“This acquisition reflects ENKA’s long-term confidence in London as a resilient global financial and cultural hub” said Mehmet Tara, Chairman of ENKA. “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.”
Originally built in the 1920’s and extensively redeveloped in 2008 behind its Grade II listed façade, Park House is a landmark office building directly fronting Finsbury Circus, the largest open park in the City of London. The building offers high-specification office accommodation across 25-30k sqft floorplates and is home to blue-chip tenants, ensuring strong and stable income visibility.
Park House is only a few minutes from the Liverpool Street Station providing direct access onto the Elizabeth Line, with Finsbury Circus now representing one of the most desirable locations in the City of London.
“ENKA has a long track record of developing and managing high-quality real estate assets internationally” added Murat Duran, President of Real Estate Operations of ENKA. “This London acquisition is both a financial investment and a strategic statement about ENKA’s confidence in world-class, sustainable urban environments.”
ENKA was advised in its acquisition of Park House by Feldberg Capital (“Feldberg”), the European real estate investment manager. The acquisition demonstrates Feldberg’s ability to identify and unlock high-quality office assets in prime Central London locations with clear asset management opportunities to drive further value.
Jamie Acheson, Head of UK Investment at Feldberg Capital, said: “We are delighted to complete the acquisition of Park House alongside ENKA. 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. We are now looking forward to executing our business plan, focused on capturing significant rental reversion, improving sustainability credentials and targeted capital investment.”
About ENKA
Founded in 1957, ENKA İnşaat ve Sanayi A.Ş. stands as one of Türkiye’s foremost engineering, construction, energy, and real estate groups, with a track record of successful operations across more than 60 countries. ENKA’s diverse business portfolio includes large-scale engineering, procurement and construction (EPC) projects, energy generation, industrial manufacturing, and international real estate development (including data centers and mission critical infrastructure projects). Listed on the Borsa Istanbul (ticker: ENKAI), ENKA is consistently recognized among the world’s top international contractors by Engineering News-Record (ENR). ENKA remains committed to creating long-term value through sustainable design, operational excellence, and strategic global expansion.
For more information, please visit www.enka.com.