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The financing replaces construction debt put into place in 2019.
Sitting at one of the City of London's busiest junctions, the multi-use building's lender put its loan up for sale in January.
After reporting a €623m loss connected to the real estate group, Zurich-based lender Julius Bär says it will refocus on more ‘traditional’ lending.
Scope Ratings listed six securitised European loans, due to mature this year, as most at risk.
The consultant’s newly launched sustainability index finds industrial properties are less impacted by sustainability than offices and retail.
The manager has provided the loan to a JV between US firm Hines and family business the Peterson Group.
As high-profile assets go up for sale, the sector’s yield profile is piquing the interests of debt-providers.
The US manager says it is on track to meet repayments, despite rating agency warnings about the impact of market conditions.
At 62 storeys and 912 feet high, the office building can boast being the second tallest in the UK.
UK offices and retail are sectors of most concern as interest coverage ratios plummet.