Home Development finance
Development finance
Alex Price and Steven Wright, co-founders of Ashen Capital, have invested in a debt fund alongside lender Sibner Group.
The financing will back the redevelopment of Deutsche Bank’s former London HQ into a sustainability-focused office scheme.
The green loan will support the development of two city centre tower blocks.
A syndicate of three lenders provided the loan, arranged by JPMorgan.
The £85m loan from NatWest will replace existing construction debt from Oaktree Capital Management.
The country leads European student accommodation investments, while having the lowest bed provision rate on the continent.
The ‘significant’ capital injection allows Quintain to finalise the latest phase of the 85-acre estate.
Most lenders surveyed by the consultant say they will increase origination this year.
A loan from six banks funded the €880m purchase of offices for a retrofit project without a lease.
The London-based manager was selected to provide the financing because it was able to provide a whole loan.