Securities service provider DekaBank has closed a £82.5 mln (€96 mln) term loan facility secured against 103 Colmore Row, Birmingham.
The loan is being made available to European Property Investors Special Opportunities 4 (EPISO4), a pan European real estate fund managed by Tristan Capital Partners.
Developed in 2021, 103CR has strong ESG credentials with a BREEAM rating Excellent and EPC rating A.
The building is now 82% leased and has set market leading headline rents for the Birmingham City office market to a broad range of professional tenants.
Sebastian Vetter, global head of real estate lending at DekaBank commented: 'This financing builds upon our existing relationship with Tristan and continues the bank’s commitment to finance best-in-class office assets across the UK with strong ESG credentials.'
