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.
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