The facility was provided to a South African investor – represented by Pembrey Asset Management – for the purchase of the Grade-A office building.
One Bartholomew Lane was redeveloped in 2010 behind a retained, historic façade, and comprises 79,838 sq ft over 13 floors, and is fully let to 11 tenants.
BNP Paribas Real Estate acted on behalf of Pembrey Asset Management, while CBRE acted on behalf of Hines.
Adam Jaffe at Investec Structured Property Finance, said that it was delighted to have helped its client acquire this prime, high-quality office building.
“Opposite the iconic Bank of England, One Bartholomew Lane’s prime location in the world’s leading financial and international business market makes it a highly desirable asset.
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“This purchase emphasises the continued attraction of investing in London, where wealth preservation is the underlying strategy.
“Despite economic and political uncertainty, we believe that demand for well-located London real estate will remain resilient in 2019.
“With a 25-year track record of supporting both domestic and international buyers with investment and development funding solutions, we are well placed to meet this anticipated demand.”
Ross Blair, senior managing director and head of Hines UK, added: “Since acquiring the building in 2011, we have delivered attractive returns for our investor client during the period of ownership.
“It is a fantastic building in a supreme location, which was unsurprisingly the subject of intense appetite from investors.”
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