The owners of Lloyds Chambers, E1, are looking to refinance the City building on the back of rising values and falling debt costs.
The owning consortium has asked banks for terms to replace a circa £40m loan from Aviva’s senior debt fund that was secured in October last year to complete the £64.5m purchase.
An updated valuation is said to have added up to £30m to the value of the building, which is fully let to Aon on an FRI lease until 2018.
Putting a new, larger, facility in place would allow the owners – former US Treasury secretary John Snow, Silverfin Development chairman Mike Ryan, Anacott Capital founder James Lapushner and China’s Fosun Property Holdings – to take their equity out of the deal.
