Berlin Hyp, the center of expertise for commercial real estate financing within the LBBW Group since Aug. 1, 2025, and U.K. real estate asset and investment manager Delancey have partnered to refinance 20 Carlton House Terrace, a prime office scheme in London's St James's district.
Delancey has participated in the £241 million ($323 million) facility as junior lender through its dedicated credit strategy, with Berlin Hyp acting as senior lender.
Today’s announcement marks the second financing partnership between Delancey and the German bank, following their collaboration on the refinancing of 280 Bishopsgate.
The refinancing replaces the development facility following practical completion and letting of 20 Carlton House Terrace, which was recently redeveloped to the highest standards.
20 Carlton House Terrace is a state-of-the-art core office HQ building, which is targeting BREEAM Excellent certification and WELL Platinum enablement. The property compr
