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Oxford Properties and Brockton Capital have sealed their joint venture to speculatively develop The Post Building in central London and closed the financing with BNP Paribas and pbb Deutsche Pfandbriefbank.
Oxford Properties and Brockton Capital are close to sourcing development finance to fund their revamp of the former Royal Mail Sorting Office site in London’s Midtown area, Real Estate Capital has learned.
LaSalle Investment Management has provided around £100m to Brockton Capital for its £137m acquisition of Great Minster North in Victoria, London. The whole loan reflects a loan-to-value of just over 70%. LaSalle is planning to syndicate the facility.
Barclays, M&G Investments and Royal Bank of Scotland have lent £300m to Brockton Capital’s and Dunedin’s £400m joint venture logistics platform. The trio of banks’ five-year loan reflects a loan to value of about 75%.
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