A joint venture between Lincoln Property Company and MGT Investment Management has secured a £115m (€133m) loan from Fiera Real Estate Debt Strategies to refinance a 280,000sqft UK office building.
Fiera Real Estate Debt Strategies has provided the three-year senior debt facility to Lincoln MGT to refinance the One Station Hill office development in Reading.
The loan refinances an existing development loan from BGO and provides additional capital to support the final phase of leasing at the scheme.
Completed in April 2025, the 15-storey, 280,000sqft building is now over 70% let, while the scheme’s 9,500sqft of retail space is fully occupied.
One Station Hill forms part of the broader 6.5-acre regeneration of the Station Hill Estate, which was acquired by Lincoln MGT in
Richard Howe, managing director and co-head of European real estate debt at Fiera, said: “This financing underlines our conviction in high-quality, well-located assets and experienced sponsorship. One Station Hill is a standout scheme, and we are pleased to support its continued leasing and stabilisation.”
Callum Thorneycroft, managing director, MGT Investment Management, on behalf of JV Lincoln MGT, said: “Attracting further institutional capital reflects the quality of One Station Hill and the occupiers that have committed to the building.
“We look forward to continuing to deliver the quality offering which Station Hill provides, creating a dynamic, collaborative and amenity-rich destination in the heart of one of the UK’s fastest-growing urban economies.”
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