Finance

Seaforth secures BREDS funding for Covent Garden office buy

By 2018-05-03T12:00:00

Space House Seaforth acquires CAA House

Seaforth Land has secured debt financing from Blackstone’s Real Estate Debt Strategies division to fund its £165m acquisition of CAA House in London’s Covent Garden from Almacantar.

Alongside a £90.8m, five-year acquisition loan, Blackstone has extended financing for the refurbishment of the two interconnected office buildings at 1 Kemble Street and 45-59 Kingsway.

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