ING Real Estate Finance (ING REF) has arranged a £174 mln (EUR 260 mln) credit facility for the acquisition of 88 Wood Street in London by a co-investment partnership. To date, 50% of the facility has been syndicated.

ING Real Estate Finance (ING REF) has arranged a £174 mln (EUR 260 mln) credit facility for the acquisition of 88 Wood Street in London by a co-investment partnership. To date, 50% of the facility has been syndicated.

A state of the art property designed by the Richard Rogers Partnership, 88 Wood Street provides over 23,011 m2, arranged over 18 floors, of 'some of the highest quality office space and accommodation in the City of London,' ING said in a statement. The building is fully let and its tenants include Hewlett Packard and National Australia Bank.

The co-investment partnership, which includes clients of ING Real Estate Investment Management, agreed to acquire the property for £232.5 mln (EUR 343.4 mln) in September 2006.