Redevco has successfully closed its first loan investment through its new Real Estate Debt platform, providing a €56.8m (£47.5m) facility to support the acquisition and refurbishment of a 56,000 m² office-led scheme at 10 Salisbury Square in the City of London. This marks a significant step in the company’s expansion into real estate lending.
The loan will support a comprehensive retrofit and extension of the existing property, delivering Grade A office space with the highest sustainability credentials, including EPC A and BREEAM Outstanding. The development is being led by Original Works, a platform sponsored by Invesco Real Estate, part of the €65.5bn (£56.5bn) global real estate investment business of Invesco and Simten. The loan is structured as a Green Loan in alignment with the Loan Market Association (LMA) Green Loan Principles.
“Our expansion into real estate debt is an important addition to our core investment capabilities. This landmark first loan embodies our mission of transformative real estate and building value for investors. It is exciting to partner with leading institutional sponsors on projects like this and a proud moment for all at Redevco,” said Neil Slater, CEO of Redevco.
“We are delighted to be supporting Invesco and Simten’s Original Works platform through this financing, which squarely aligns with our strategy to fund best-in-market, future-aligned assets, that deliver sustainable outcomes,” said Richard Craddock, Head of Real Estate Debt at Redevco.
The facility also highlights the strong demand for high-quality, sustainable office spaces in prime locations. As Ben Rustin, Director of Brotherton Real Estate, noted: “There is strong appetite from lenders funding brown-to-green office development in prime locations. The availability of best-in-class sustainable space drives continued upward pressure on rental growth creating an attractive proposition for funders.”
Redevco’s Real Estate Debt team continues to focus on delivering tailored funding solutions across major European markets, with an emphasis on sustainability and high-quality outcomes for borrowers.
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