Finance: Australian Bank Macquarie Lending has made its first UK commercial property purchase with the acquisition of Tavis House, Bloomsbury, WC1.
The 10-storey building contains 57,400 sq ft of office space, and is let to a public sector tenant on a long-term contract. Tavis House is currently sublet to the charity UK.
Neil Hasson, head of Macquarie Real Estate Lending, Europe, said: “Macquarie has long provided financing to borrowers and sponsors involved in real estate transactions. Our purchase of Tavis House is the first opportunistic acquisition we have made and we would be interested in making further acquisitions across Europe as special situations arise.”
Sophia.Furber@estatesgazette.com
