ING Real Estate Finance of the Netherlands and Germany's Landesbank Baden-Württemberg (LBBW) have jointly underwritten a £400 mln (€514 mln), five-year senior term loan to refinance Salesforce Tower, also known as 110 Bishopsgate, in the City of London.
The 46-storey office building is owned by a consortium of investors including Heron International, which is also asset manager of the building.
The building was completed in 2011 and has an Excellent BREEAM rating. Ten floors in the building are let to Salesforce.com, 6th largest software company in the world, with the remainder occupied by tenants from a wide variety of commercial enterprises.
Thorsten Schönenberger, global head of real estate, LBBW, said, 'We look forward to continuing our relationship with the consortium of investors and Heron International who are highly regarded players in the real estate market with a strong track record.'
