The Korean Teachers Credit Union has emerged as the holder of a £43m mezzanine loan secured against Patrizia’s and Oaktree’s Winnersh business park near Reading.
Barclays Bank provided a £135m whole loan to finance the £245m acquisition last year before selling on the mezzanine tranche in September.
The five-year loan was bought by Europa Capital, with capital sourced through its 75% owner Rockefeller Group International.
RGI is a subsidiary of Mitsubishi Estate.
Patrizia has now confirmed that the investment was on behalf of KTCU.
“This investment once again shows us how much confidence is placed in Patrizia by globally operating institutional investors – in Germany, in Europe and also in Asia,” said Patrizia chief executive Wolfgang Egger.
jack.sidders@estatesgazette.com
