Syndicate of banks completes £334.2 mln. acquisition financing for Bishops Square (UK/DE)

A syndicate of banks, arranged by BayernLB, has announced the completion of the £334.2 million (approx. €394 mln.) acquisition financing with JPMorgan Asset Management for the Bishops Square Estate. It is recognized as one of the best buildings in the City of London.


Bishops Square, City of London.

Developed by Spitalfields Development Group and located in the eastern part of the City of London, Bishops Square is a high quality modern building, with strong 'green' credentials which has received several awards. It comprises approx. 72,000 m² of office space, 260 m² retail as well as restaurants and residential flats. The Bishops Square Estate marks the culmination of 19 years of development and has been a catalyst for the wider regeneration of the vibrant Spitalfields area.

The £334.2-million facility has been underwritten by Bayerische Landesbank, Berlin Hyp/Landesbank Berlin AG, Deutsche Genossenschafts-Hypothekenbank, Deutsche Hypothekenbank (Actien-Gesellschaft), Deutsche Postbank and pbb Deutsche Pfandbriefbank.

Source: Deutsche Pfandbriefbank

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