TH Real Estate and Allianz have provided funds managed by Partners Group with £100m in debt finance for the development of 80 Fenchurch Street in London.
The partners have provided a six-year bullet loan, divided into a three-year development and three-year term loan. The financing has been structured as a £135m development loan with a £20m increase upon completion. The financing, which was arranged by TH Real Estate, has been underwritten by Allianz and TH Real Estate for £50m (32%) each.
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