Global asset manager Aviva Investors has announced that it has provided a £124 mln (€141 mln) facility to Helical for the refinancing of assets in London and Manchester.
The facility will be used to refinance The Loom, Gowers Walk, and the Shepherds Building in London as well as Churchgate and Lee House in Manchester.
The portfolio extends to more than 500,000 sq ft (46,500 m2), generating rents of £13 mln per annum.
The six-year loan is a mix of fixed and floating rate debt and extends Aviva Investors' relationship with Helical by £45 mln.
Gregor Bamert, head of Real Estate Finance, Aviva Investors, said: 'This facility demonstrates our ability to deliver sponsors with a mix of both traditional fixed rate and new floating rate funds using multiple mandates, providing both certainty and flexibility in a single facility.'
