One Crown Place
CBRE’S Debt and Structured Finance team arranged a £280m development facility to a private Asian borrower to finance the continued development of One Crown Place. The lenders were AustralianSuper, the AUD 140 billion Australian pension fund, together with TH Real Estate. AustralianSuper has committed £230 million to the project whilst TH Real Estate’s recently launched Global Real; Estate Debt Partners – Fund II is participating with a £50 million commitment. This is the first loan AustralianSuper has made in the European market. CBRE's Loan Services team is now managing the loan.
The mixed use scheme, which is being led by CBRE Development Managers on behalf of a large Asian multinational client, totals 370,500 sq ft and comprises 138,000 sq ft of office space, 7,000 sq ft of retail, a 41-bed boutique hotel and 246 residential units. A multitude of CBRE service lines has been involved with the project since its inception including Development, Leasing, Residential, Planning, Retail, Asset Services, Project Management and Capital Markets.
The mixed use scheme, which is being led by CBRE Development Managers on behalf of a large Asian multinational client, totals 370,500 sq ft and comprises 138,000 sq ft of office space, 7,000 sq ft of retail, a 41-bed boutique hotel and 246 residential units. A multitude of CBRE service lines has been involved with the project since its inception including Development, Leasing, Residential, Planning, Retail, Asset Services, Project Management and Capital Markets.
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Contacts
Chris John
Senior Director - Development Management
Stuart Edwards
Senior Director - Development Management