Wells Fargo Funds Threadneedle's New UK Fund to the Tune of $363M

LONDON—Wells Fargo & Company has provided around $363 million (£220 million) in financing for Threadneedle Investments, a leading international investment manager, to help refinance all three existing loan facilities within its Strategic Property Fund IV. The Fund consists of 19 commercial real estate assets located across the UK, including retail warehousing, office and industrial properties, and a portfolio of approximately 120 retail bank branches.

“Wells Fargo is delighted to continue our relationship with Threadneedle through the refinancing of the Strategic Property Fund IV,” said Richard Craddock, a director in Wells Fargo’s UK Commercial Real Estate team. “We have worked with Threadneedle and its US parent company, Ameriprise Financial, for many years now and this was an opportunity to continue our support for this Fund as we look to continue growing our commercial real estate business in the UK.”