Tristan Capital Partners’ TIPS One Debt Fund has completed an £80m senior loan, to refinance 204 apartments in the Manhattan Loft Gardens tower in the Olympic Park in Stratford, E20.
The 42-floor tower includes a seven-floor hotel and benefits from its location next to the East Village, Elizabeth Park and new Elizabeth Line connection.
Tristan Capital Partners chose the tower as it is an “exceptional quality residential asset which provides a unique opportunity to gain exposure to the London residential market at an attractive basis”.
Dan Pottorff, head of debt investment at Tristan Capital Partners, said: “The Manhattan Loft financing is a continuation of the core strategy of TIPS One, which is to finance sponsors with a strong demonstrated history of developing and investing in prime assets that drive income and capital growth.
“This loan marks our seventh since launching in summer 2021, representing more than €300 million lending volume with many more attractive opportunities in the pipeline.”
Tristan Capital Partners was advised by BCLP.
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