Macquarie Lending backs Westminster offices buy with £30m senior loan

By Paul Norman - Friday, May 19, 2017 9:29

Macquarie Lending has financed Cartter Victoria's acquisition of three adjacent Grade B long leasehold office buildings in Westminster, London with a £30m senior secured loan.

The building comprise: 40/48 Broadway (38,713 sq ft), 1/11 Carteret Street (21,263 sq ft) and 13/15 Carteret Street (11,923 sq ft).

Macquarie Lending has committed over £30m of senior secured debt to support the acquisition of the properties. The loan has a first mortgage security over the properties.

Adam Joseph, executive director of Macquarie Lending Europe, said: “The Westminster and Victoria submarkets have undergone significant regeneration over the last ten years. We see this as an asset with strong potential and look forward to working with the team at Carter Victoria.”

Edward Moore, Senior Asset Manager of Carter Victoria, said: “Carter Victoria are delighted to have completed the purchase of 40 Broadway & 1-11 / 13-15 Carteret Street and are looking forward to working with Macquarie both on this project and future opportunities to develop the successful relationship that has been established.”

Macquarie Lending said it has completed circa £1bn new commitments/investments made in the last twelve months alone.

Hogan Lovells acted as legal advisors to Macquarie. Savills provided real estate valuation advice and McBains Cooper provided technical due diligence advice.

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