Some recent and historic transactions are noted below:
London EC4
Loan of £95,000,000 for a 9 year term to finance two adjoining office buildings on Queen Victoria Street, London, EC4 totalling 190,000 sq ft. A refurbishment tranche at lease expiry is also an option afforded to the Borrower.
West-End, London
Loan of £86,000,000 for a 3 + 2 year term to finance two refurbished A-grade well-let office properties totalling 109,000 sq ft in Knightsbridge and South Kensington.
Paris
Loan of > €200,000,000 to finance a 5-star hotel in central Paris for a 10 year term.
Walbrook office development, London, EC2
Loan of £275,000,000 for Minerva’s Walbrook development, comprising 455,000 sq ft of offices with retail at ground level.
Regent Street,London, W2
Loan commitment of £156,000,000 for a 4 + 6 year term to refurbish 270,000 sq ft of retail and office accommodation. The initial term facilitates the redevelopment, with the option to extend the investment financing for a further 6 year term.
Mayfair, residential development, London, W1
Loan of £165,000,000 for a 4 ½ year term to redevelop a hotel in Lancaster Gate, West London, into 135 apartments totalling 147,000 sq ft, plus basement car parking. The Facility provides for the development works without any presales being required. The sponsors are Minerva plc and Northacre plc.
Industrial / Warehouse developments, Southern England
Numerous business centre and office/warehouse developments in Southern England including Hemel Hempstead, Farnsborough, Eastbourne, Filton, Stockton-on- Tees and Northampton.
Piccadilly Plaza Manchester
Loan facility to refurbish Piccadilly Plaza, a mixed office, hotel and retail property. The sponsors were Portfolio Holdings and Apollo.
Extensive European 5-star hotel financing, including Four Seasons, Marriott and Sheraton branded hotels in London, Paris, Milan and Prague, and the historic Cliveden portfolio of hotels.
Bristol, South-West, UK
Mixed-use scheme in central Bristol of 600,000 sq ft, retaining a number of listed buildings and facades. Phase 1 includes over 200 apartments and 120,000 sq ft of A-grade office accommodation.
Wandsworth Southside Shopping Centre, South-West London
Loan commitment of £100,000,000 to redevelop and expand the retail complex. The sponsors completed the first phase of regeneration, saw the property through lettings and sold the assets in accordance with their business plan.
Numerous office refurbishments carried out in central London with high quality property developer partners, including c85,000 sq ft on Wigmore Street, c70,000 sq ft on St James Street and 40,000 sq ft near to Monument.
German Office Portfolio
Loan of €186,500,000 over senior and mezzanine tranches for a 3 + 2 year term to finance seven office properties throughout Germany. This deal is a Shari’ah compliant structure to a USD denominated Islamic Real Estate Fund.
UK Office Portfolio
Loan of initially £200,000,000 on nine multi-let properties throughout the UK. This deal is a Shari’ah compliant structure to USD denominated Islamic Real Estate Fund.
UK Industrial Portfolio
Loan of £26,000,000 for a portfolio of industrial multi-let properties in the Midlands. This deal is a Shari’ah compliant structure to a GBP denominated Islamic Real Estate Fund sponsored by an international banking group.
