Barings inks first floating rate deal with Brockton

Pinnacle leeds

Barings Real Estate has provided its first floating rate senior debt facility – a £42.7m loan to Brockton Capital secured against The Pinnacle in Leeds.

Brockton bought the 145,000 sq ft mixed use property, which has 27 tenants and a weighted average lease term to break of 11.9 years, for about £65m in April.

This is premium content

You must be logged in to view premium stories.

Gated access promo

Subscribe for full access

Take out a print and online or online only subscription and you will get immediate access to:

  • Breaking industry news as it happens
  • Expert analysis and comment from industry leaders
  • Unlimited access to all stories, including premium content
  • Full access to all our online archive

To get access to premium content subscribe today

Alternatively REGISTER for a free trial to access up to 4 articles and sign up for email alerts

If you are already a registered user or a subscriber you can SIGN IN now