Eldridge Real Estate Credit, part of Eldridge Capital Management, has provided an investment loan to Mago Capital to finance Mago’s acquisition of The Notting Hill Gate Estate, a landmark mixed-use property in London’s Zone 1.

The transaction positions The Notting Hill Gate Estate as a fully-let, mixed-use portfolio comprising more than 144,000 square feet of Grade A office and prime retail space across two buildings — the North and South Blocks. The estate is home to 29 tenants, including prominent occupiers such as Blackstone’s FORA, OVO Energy, Marks & Spencer, Tesco, Waitrose, McDonald’s, Pret A Manger, and Blank Street.

Brotherton Real Estate acted as capital adviser on the transaction.

With this acquisition, Mago Capital’s total London holdings now exceed £500 million. The company has announced plans to pursue an additional £1 billion in UK acquisitions over the next 12 to 18 months, further strengthening its position as a leading investor in the UK commercial real estate market.

Strategically located opposite Notting Hill Gate Underground Station and in close proximity to Kensington Palace Gardens, The Notting Hill Gate Estate offers exceptional connectivity and continues to attract high-profile office and retail occupiers seeking premium space in one of London’s most desirable neighbourhoods.