Canada Life Asset Management has issued a £41m (€48.9m) loan to UK-based W RE for the refinancing of a 40,000sqft multi-let office property.
The asset manager has provided the six-year fixed-rate loan to refinance the fully-let office asset at 75 Grosvenor Street in Mayfair, London.
David Owen, finance director at W RE, said: “Securing this refinancing for 75 Grosvenor Street not only ensures the future of this remarkable property but also reinforces our commitment to preserving its legacy while adapting it for modern use.
“As our second loan with Canada Life, this transaction reflects a strong and trusted partnership.”
Nicholas Bent, head of real estate finance at Canada Life Asset Management, said: “Providing this second loan to W RE underscores our commitment to building lasting relationships with key industry players, and further strengthens our position as a trusted leader in real estate finance.
“We remain focused on delivering tailored solutions that support our clients’ growth while reinforcing our market stronghold. It has been a pleasure to work with the W RE team again.”
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