Blackstone has appointed Eastdil Secured to find financing for its £268m purchase of the Times Square building, EC4.
The US private equity firm exchanged contracts to buy the 380,000 sq ft City office in March from Land Securities and is looking to secure financing ahead of the expected completion date in late July.
The firm is understood to be looking to finance 60%, or £161m, of the purchase price with a loan priced at less than 150bps over Libor.
A number of banks, including Bank of America Merrill Lynch, JP Morgan and Citi, which have long-standing relationships with Blackstone, have already been approached to provide the senior debt.
The building is fully let to six tenants including law firm Dechert and Bank of New York Mellon.
