£42.7m loan secured against tallest office building in Leeds
A £42.7m loan has been secured against The Pinnacle building in Leeds, which was purchased for £65m by a Brockton Capital fund.
Now, Barings Real Estate, part of Barings LLC, a real estate investment manager, has provided, on behalf of an institutional investor, its first floating rate senior debt facility with a £42.7m loan secured against the building - which is the city's tallest office tower.
The property was acquired by a fund advised by Brockton Capital in April 2018. The three-year facility represents a loan to value ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
