Pricoa Mortgage Capital is to provide £181.5m in refinancing on 99 Bishopsgate, EC2.
The senior lending arm of US insurer Prudential Financial provided a 10-year fixed-rate loan on the fully let building now owned by China Life, Qatar Investment Authority and Brookfield.
The loan equates to about 53% of the estimated £340m value of the building. Brookfield, which originally owned the entire site, sold a 40% share to the QIA and another 40% of to China Life last week.
Aaron Knight, director of European originations at Pricoa, said: “Being a long-term holder of our own debt, Pricoa Mortgage Capital was able to offer a structure that matched the client’s asset management requirements whilst locking in long-term interest rates,”
