Seaforth secures BREDS funding for Covent Garden office buy

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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