Back
News

Brookfield club funds EC3 scheme

100-Bishopsgate--EC3Brookfield Property Partners has completed a £515m development financing deal with a club of six banks for 100 Bishopsgate, EC3.

Wells Fargo led the financing as agent and joint arranger and was joined by Banca IMI, Helaba, BNP Paribas, Industrial and Commercial Bank of China and United Overseas Bank.

Wells retained £100m of the loan, with the other banks taking £83m each.

The five-year loan reflects a loan-to-cost of 65%.

The 37-storey building is 40% prelet and is due to complete in 2018.

To send feedback, e-mail david.hatcher@estatesgazette.com or tweet @hatcherdavid or @estatesgazette

Up next…