Private Turkish investor Esas Holdings has secured a £55.6m debt facility from Nuveen Real Estate, to fund its purchase of 15 Fetter Lane.
The 85,000 sq ft office building, in London’s Midtown, was previously owned by the British Steel Pension Fund. It was sold to the investor in April for £92.6m.
Nuveen’s loan facility has a four-year term. CBRE’s debt and structured finance team advised on the deal.
Richard Day, senior director in the debt and structured finance division at CBRE, said: “On behalf of our client, we were very pleased to once again work with the team at Nuveen.
“Given the high-quality attributes of 15 Fetter Lane, and those of our incoming client, competition for the financing was strong, but with Nuveen we are able to provide a compelling package and work with them to close in line with the asset purchase timeline.”
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