Cain Hoy provides funding for Almacantar acquisitions (UK)

shell office cain hoy

Cain Hoy Enterprises, LLC, the private investment company, confirms that it was the single lender on Almacantar’s forward purchase of One and Two Southbank Place, London Waterloo, from Braeburn Estates, a joint venture between Canary Wharf and Qatari Diar. The loan facility provided by Cain Hoy was £390 mln (approx. €554.4 mln).

 

One Southbank Place will be a new landmark headquarters for Shell International’s downstream business whilst Two Southbank Place is a speculative office and retail development which will be ready for occupation in 2018. Canary Wharf and Qatari Diar will have full responsibility for the construction and delivery of the buildings.

 

Jonathan Goldstein, Cain Hoy’s Head of European Investments, said: “This was the largest property deal ever completed on London’s South Bank and one of the largest bilateral, non-syndicated arrangements since the credit crash, certainly by a non-bank. The transaction reflects our appetite to support major transactions and our flexible approach focused on meeting individual requirements.”

 

Source: Cain Hoy Enterprises

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