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The loan represents one of the largest central London office financings of the year.
The owners have used the funding to acquire a 40-acre plot of land.
Bank volumes are predicted to be €14.6bn, with alternative lenders at €3.3bn.
Societe Generale financed TwentyTwo Real Estate and Azora’s €160m portfolio acquisition.
The facility replaces a previous £450m RCF and features ESG-linked KPIs.
The loan is secured by Oxford’s Milton Park, located in the UK’s Golden Triangle.
The debt will be used, alongside capital from the disposal of £85.9m of assets, for future acquisitions.
The business school’s 2024 report shows rate cuts boosted lending activity, but defaults rose as debt costs remained elevated.
The loan will be used to refinance debt on Lakeside Retail Park in Essex, a property the partners acquired for £114m in March.
An existing syndicate of eight banks led by NatWest provided the five-year loan.