ING and Landesbank Baden-Württemberg have syndicated the £400m facility secured against 110 Bishopsgate, EC2, to eight global lenders.
The two banks funded a refinancing of the 440,000 sq ft office building, the tallest in the City, in April 2016 with an LTV of about 55% and have since then secured £200m in commitments from other lenders.
ING said the lenders include Taiwanese, Korean, Japanese and Chinese institutions that are new to the UK commercial property market.
It said the syndication suggested that the market is becoming less reliant on domestic and continental players.
Mike Shields, head of real estate finance for the US, UK and APAC at ING, said: “We welcome new investor partners from across the globe in the financing of this asset.”
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