Canada Life Investments has completed two fixed-rate loans totalling £108m to CBRE Global Investors.
The interest-only loans have terms of five and seven years respectively and were drawn at conservative LTVs.
The first is secured against a number of retail units on Regent Street, London, W1, and include Hackett’s flagship store, Links of London and Church’s. The second is secured against the Angel Central shopping centre in Islington, N1.
Nicholas Bent, head of real estate finance at Canada Life Investments, said: “The addition of CBRE Global Investors is consistent with our strategy of expanding the loan book by lending to established borrowers with high-quality real estate assets in the UK and Europe.”
CBRE’s debt and structured finance team advised CBRE Global Investors.
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