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HENLEY TEAMS UP WITH EDIFICE FOR JV

Private equity real estate investor Henley has launched a new joint venture and acquired a 10 per cent stake in Chester-based property commercialisation rights specialist Edifice Managed Access.

The joint venture, Henley Outdoor Media Assets, will combine Henley’s financial strength and property industry contacts base with Edifice’s experience in monetising space for commercial property owners. Henley will also hold a place on Edifice’s board of directors.

The new joint venture sidecar fund will acquire outdoor media assets from existing landlords looking for an exit on non-core income. Edifice will be able to offer landlords either its current managed service to maximise outdoor media rentals or the joint venture platform to purchase a long-leasehold or freehold interest in portions of land with live revenue-generating outdoor media assets.Read More