ICG Real Estate has closed a whole loan to AnaCap Financial Partners and asset manager Maya Capital in support of the acquisition and refurbishment of 160 Blackfriars Road, London SE1. Working with asset manager Maya Capital, AnaCap aim to create a best-in-class ESG focused mixed-use property, comprising 92,000ft² of refurbished offices, a new hotel in excess of 200 rooms and ground floor retail. The investment comes from ICG Real Estate Debt VI, the latest Fund of ICG Real Estate’s Partnership Capital strategy, which is targeting €1.8bn (£1.5bn) of commitments. The Partnership Capital strategy launched in 2011 and has committed €4bn (£3.4bn) in 107 transactions¹. The latest Fund focuses predominately on self-originated whole loans, together with mezzanine loans and preferred equity, secured against UK and Northern and Western European commercial real estate. In addition, the Fund has a sustainable objective, focusing on investments which help to mitigate climate change through its Green Loan Framework.
Martin Wheeler, Managing Director, ICG Real Estate commented: “Our latest loan to AnaCap Financial Partners underscores our continued commitment to supporting experienced investors and asset managers on value-add projects with strong sustainability credentials and thus contribute to the global movement against climate change.”
