TH Real Estate has secured a new €231 mln debt financing on behalf of the Cityhold Office Partnership – a €2.2 bln pan-European office vehicle. The new 18 month facility has been provided by ING, an existing lender for TH Real Estate throughout Europe, on competitive terms.
Created in 2015, the Cityhold Office Partnership’s initial platform comprises 250,000 m² (2.69 million ft²) of core office space across the UK, France and Germany. The current portfolio includes landmark assets, such as 12-14 New Fetter Lane and One Kingdom Street in London, Tour Areva in Paris, and Atlantic Haus in Hamburg. It is committed to building a approx. €4 bln office portfolio.
The new debt facility will be allocated over six of the existing assets.
Resource: TH Real Estate
