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CBRE Investment Management secures refinancing for 280 Bishopsgate, London
Transactions - JUNE 10, 2024

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CBRE Investment Management secures refinancing for 280 Bishopsgate, London

by Released

CBRE Investment Management (CBRE IM) and King Street Real Estate GP, LLC, in partnership with Arax Properties have secured refinancing of 280 Bishopsgate, the class A sustainable wellness-focused office scheme in the City of London.

A competitive and flexible debt finance package was provided by a financial institution and Delancey.

The new facility will repay an existing loan on 280 Bishopsgate that is reaching maturity.

Despite the ongoing structural changes in the office sector, there was a wide range of lenders interested in refinancing the amenity-rich, sustainable office building. This highlights the continued value of prime office assets in a more challenging environment.

“Refinancing risk continues to be significant in the current market,” said Christina Forrest, EMEA head of value-added funds at CBRE IM. “We are therefore delighted that with our partners King Street Real Estate and Arax Properties, we have been able to secure this refi

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