Orchard Street secures Deutsche Pfandbriefbank loan

Deutsche Pfandbriefbank has lent fund manager Orchard Street Investment Management £47.75m, secured against St Andrew’s Retail Park in Hull. The five-year loan reflects a 50% loan-to-value on the £95.55m purchase price. The 327,000 sq ft asset was bought from Threadneedle Investments in September. The purchase price implies a net initial yield of 6.1%.

To view this content, you need to sign in.

You should only be asked to sign in once. Not the case? Click here

Register now to access this content and more for free.

Share this