“As long-term advocates of the London offices sector, this is a deal that made immediate sense to us”
– Charlie Job – HREF
Hilco Real Estate Finance (“HREF”) has announced that it has closed a £4.5m loan to support the post-acquisition works on an 18,000 sq ft Grade 2 listed ex-wharf building, now a multi-let office block on the south bank of the River Thames, near Tower Bridge.
The borrower, a private propco SPV, acquired the mixed-use, gated building in April 2025 and has secured funding from HREF to support an ongoing asset management and re-gearing programme. The 12-month facility will support this and deliver material improvements to the existing building, resulting in Cat A Grade B accommodation.
The building is currently operational and is fully let with multiple tenants, from a land agent to a designer fashion shoemaker and a subsidiary of a large U.S. record company.
Charlie Job, vice president, Hilco Real Estate Finance, said: “As long-term advocates of the London offices sector, this is a deal that made immediate sense to us. The office is well located with a good tenant profile, strong income generation and a tangible asset management upside, making for excellent loan security. The sponsor is also an experienced investor with an excellent track record and a clear investment strategy”.
Steve Allen, business development director and originator of this deal, said, “This was a great loan opportunity, introduced by a long-standing broker, which had a hard deadline date. Despite various complicating factors, we worked closely with the borrower and relevant professionals to provide the required funding within the desired timescale. We look forward to transacting further with a good quality sponsor”.
HREF was represented on the legal work by Clarion Solicitors, and the surveyors were Anderson Wilde & Harris.
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