Pbb Deutsche Pfandbriefbank has provided 拢47.5 mln (鈧�57 mln) of finance to a subsidiary of Almacantar for its acquisition of 125 Shaftesbury Avenue in London.
Pbb Deutsche Pfandbriefbank has provided 拢47.5 mln (鈧�57 mln) of finance to a subsidiary of Almacantar for its acquisition of 125 Shaftesbury Avenue in London.
125 Shaftesbury Avenue is one of the area鈥檚 largest and most prominent buildings covering a site area of 1.2 acres in Soho close to Cambridge Circus.
The property provides 17,650 m2 of office, retail and ancillary accommodation arranged over basement, ground and nine upper levels.
'The transaction is our second deal together and shows our commitment to this existing client in the expansion of their portfolio,' commented Charles Balch, head of Real Estate Finance International, UK & CEE at pbb Deutsche Pfandbriefbank. 'It is further evidence of the Bank鈥檚 ability to finance strong management teams on active management assets and strategies.'
