Cain provides €99.7m for London office development

Cain International has provided a €99.7 million ($104.9 million) development loan with BauMont Real Estate Capital  and YardNine for the development of a 95,000-square-foot highly sustainable, best-in-class office scheme at 100 Fetter Lane in central London known as Edenica.

The asset was acquired by BauMont in January 2021 with development partner YardNine. Located in City Mid-town, in close proximity to Farringdon, the development benefits from easy access to the newly opened Elizabeth Line via Farringdon, as well as City Thameslink and Chancery Lane stations, with a diverse range of cultural, leisure, retail and educational amenities nearby.

The asset received planning consent in September 2021 for the delivery of a new 12-story development, with more than 8,000 square feet of roof gardens, a new pedestrian route and garden square at ground level, alongside more than 230 cycle spaces. In addition to the light-filled workspace, the scheme will include a new cafÃ