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.

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