Newmark Group has arranged a £325 million ($434 million) loan to refinance 30 Fenchurch St. on behalf of private real estate funds managed by Brookfield.
30 Fenchurch St. is a prime Central London office building. The asset spans 544,883 square feet, is fully occupied and serves as a global hub for insurance, finance, legal and media occupiers. Since acquiring the property in 2021, Brookfield has undertaken targeted investment focused on improving the building’s sustainability credentials and energy efficiency, including works transitioning the building away from fossil-fuel use.
Matthew Featherstone, Newmark head of debt and structured finance, Europe; Matthew Kang, vice president; and associates Tushar Gupta and Stevan Spasenovic arranged the financing. OCBC and Mashreq provided the funding.
