Evans Randall has refinanced one of its key London assets this week less than 15 months after buying it returning 60% of investor’s equity in the scheme.
The Mayfair-based investment banking and private equity group said it had delivered ‘substantial profits’ for its clients following the £205m refinancing deal with Credit Suisse of its Financial Services Authority headquarters at 25 North Colonnade at Canary Wharf.
In separate transactions earlier this week Evans Randall confirmed it has sold ABN Amro’s City of London headquarters at 250 Bishopsgate, let to the Dutch bank on a 30-year lease, to Prudential for £230m.
It has also confirmed its agreement with Pace Investments and the City of London Corporation to forward fund the redevelopment of Riverbank for around £300m reflecting a net initial yield of 4.42%. CB Richard Ellis advises Evans Randall.