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Cosying up to Eastern money is a strategic must for European debt providers as strong demand from the continent for London offices mitigates Brexit outflows closer to home.
The seven-year facility will finance the acquisition of 165 Fleet Street by a Chinese borrower as capital from the continent drives record investment volumes in the sector.
Helaba and pbb Deutsche Pfandbriefbank have backed a portfolio owned by Globalworth.
The German bank’s £205m loan to Mirae demonstrates the opportunity for European lenders to back South Korean investors.
The real estate fund management firm has sourced a facility financing 65% of the cost of the acquisition plus a capex loan.
The mixed-used scheme, which includes luxury apartments and office space and is backed by Israeli billionaire Teddy Sagi, has attracted £72m of debt finance.
Seaforth Land secures the five-year loan with a 55% LTV ratio for the landmark CAA House building in Covent Garden.
A £27m facility will be used by the business, which rents space to charities and social enterprises, to back its growth plans and a London office development.
The funding line will help Hillview’s real estate fund target acquisitions in the UK office sector.
The German bank has written the 32% LTV facility, syndicating €100m to ING.