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.
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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
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
