WestImmo London provides bilateral financing in the UK and Continental Europe (UK/EUR)
Wednesday 9 June 2010
In addition to WestImmo’s strategy of medium to large scale debt arrangement, the London Branch continues to provide clients with tailored bilateral solutions across Europe.
During recent weeks, WestImmo has arranged and underwritten the following acquisition loans.
- €31m to assist in the purchase by Resolution Properties of the Galeria Pomorska shopping centre in Bydgoszcz (Poland), a modern retail scheme with over 100 shop units built in 2003.
- £32m supporting the acquisition by Rockspring Property Investment of two shopping centres in Aberdeen and Blaydon (United Kingdom). The Mall Shopping Centre (Aberdeen) comprises 190,000 sq ft of retail accommodation with 24 retail units while the The Precinct (Blaydon) comprises of 47 retail units (93,200 sq ft) and 4 small office suites (3,300 sq ft).
- £23m for the purchase by a private overseas investor of 15/17 Long Acre, part retail (18,406 sqft) / part office (24,121 sq ft) building in the Covent Garden area of London (United Kingdom).
Peter Denton, Head of the London Branch said “It is as important for the bank to bilaterally support our UK investor base across Europe as it is to take core roles in larger transactions. Our activities over recent weeks underpin this.”