FINANCE: BNP Paribas Corporate and Investment Banking and Sumitomo Mistui Banking Corporation have made a £201m loan to Grosvenor London Office Fund.
The facility refinances a four-strong portfolio of central London properties.
These are Almack House, St James, SW1 , Belgrave House, Victoria, SW1 Fleet Place House, City of London, EC4 and 10 Grosvenor Street, Mayfair, W1 .
BNP Paribas and SMBC acted as joint mandated lead arrangers, and BNP Paribas acted as agent.
Giles Wintle, regional director, Grosvenor Fund Management, Europe said, “We are delighted to build on our relationships with BNP Paribas and SMBC. We remain committed to the London office market and this fund, together with London Office II, is core to our activity in the UK.”
sophia.furber@estatesgazette.com
