Oxford Properties and Brockton Capital have secured a £230m loan to fund their redevelopment of the Post Building on New Oxford Street, WC1.
Deutsche Pfandbriefbank and BNP Paribas are providing a loan that amounts to around 60% of the cost of the project.
The 320,000 sq ft, AHMM-designed office scheme is expected to complete to shell and core in the third quarter of 2017 and the building will be ready for occupancy in the first quarter of 2018.
Rothschild advised on the structuring of the joint venture between Oxford and Brockton. Oxford Properties was advised by CBRE. JLL, Pilcher Hershman and CBRE are joint leasing agents for the offices. CBRE and Davis Coffer Lyons are joint leasing agents for the retail and restaurant space at the development.
