BNP Paribas Corporate and Investment Bank has provided a £115.5 mln (€86 mln) loan to investor-developer Tishman Speyer for the acquisition of a prime office building in London.
BNP Paribas Corporate and Investment Bank has provided a £115.5 mln (€86 mln) loan to investor-developer Tishman Speyer for the acquisition of a prime office building in London.
The 22,000 m2 property, known as The Point, is located in Paddington directly opposite Paddington Station and was completed in 2003.
Occupiers include Everything Everywhere, Cerner, A2Dominion Housing Group, CH2MHill United Kingdom and CB&I UK.
BNP Paribas acted as sole arranger of the financing and provided the loan for a seven-year term.
