German lender DekaBank has arranged and underwritten a new £78 mln (€93 mln), three year loan secured on St Martin’s Court in London.
The financing was provided to a Joint Venture between Oxford Properties and Madison International Realty.
The Grade A office building located opposite to St Paul’s Cathedral was developed in 2003 as a part of the redevelopment of Paternoster Square, and provides 106,405 sq ft (9,900 m2) of Grade A office space fully leased to CBRE together with 20,359 sq ft of multi-let retail space.
It was acquired by Oxford Properties in December 2012, with Madison International Realty becoming a co-owner in December 2016 through the creation of the Joint Venture partnership.
