£42.7m loan secured against tallest office building in Leeds
A £42.7m loan has been secured against The Pinnacle building in Leeds, which was purchased for £65m by a Brockton Capital fund.
Now, Barings Real Estate, part of Barings LLC, a real estate investment manager, has provided, on behalf of an institutional investor, its first floating rate senior debt facility with a £42.7m loan secured against the building - which is the city's tallest office tower.
The property was acquired by a fund advised by Brockton Capital in April 2018. The three-year facility represents a loan to value ... For the full story register now for free or login below...