Macquarie provides £30m for Westminster acquisition

Macquarie Lending has provided a £30 million loan to Carter Victoria Limited to finance the acquisition of three grade B office buildings in the Westminster area of central London.

The three long-leasehold buildings, which sit adjacent to each other are, the 38,713 square feet 40/48 Broadway, the 21,263 square feet 1/11 Carteret Street and the 11,923 square feet 13/15 Carteret Street.

The senior secured loan has a first mortgage security over the properties.

“The Westminster and Victoria submarkets have undergone significant regeneration over the last ten years. We see this as an asset with strong potential and look forward to working with the team at Carter Victoria,” said Adam Joseph, executive director of Macquarie Lending Europe.