Private property company O&H Holdings has secured a £78m loan from German lender pbb Deutsche Pfandbriefbank.
The facility, which is secured on a portfolio of Mayfair offices, and The Heart shopping centre, Walton on Thames, has been provided to subsidiaries of Eli Shahmoon and David Gabbay O&H Holdings.
It is the parties’ first deal together.
The Mayfair portfolio includes offices in Old Burlington Street, Grafton Street and Swallow Street with shops on the ground floors. The portfolio is fully let.
The 253,791 sq ft Heart in Walton on Thames’ was developed by the O&H Group in 2004 and is anchored by grocer Sainsbury’s and department store Debenhams.
Harin Thaker, head of real estate finance international at pbb, said: “We are delighted to be providing finance to the O&H Group. The transaction is our first deal together and we look forward to building on this in the future.”
Gabbay said: “Our team has worked very closely with the Deutsche Pfandbriefbank team and we have been particularly impressed by the way the bank was able to quickly understand and accommodate our business requirements.
“We are extremely happy with the results achieved.”
bridget.o’connell@estatesgazette.com
