DekaBank has provided a €101m (£90.5m) five-year term loan to a Property Unit Trust managed by Gulf Islamic investments (GII) for the acquisition of Priory Court and The Lewis Building in Birmingham. The purchase of these two high quality linked office buildings represents one of the largest office deals outside London this year. The assets comprise an attractive period building of 254,200ft² mainly let to corporate occupiers including a substantial letting to the UK Government.
This facility follows DekaBank's recent financing of the Equinox Building and 1 Atlantic Quay in Glasgow and 55 Colmore Row, also located in Birmingham and further underlines its commitment to providing fully underwritten acquisition financing solutions to key clients on strong real estate both in London and the “Big Six” cities.
