LONDON-Real Estate Finance UK, Berlin-Hannoverische Hypothekenbank and ING Commercial Banking have arranged GBP 120 million in senior secured term loan for Archlane Ltd. The loan facility will be used to refinance Sea Containers House, a landmark building spanning 412,000 square feet in Central London.
The building will be redeveloped to accommodate roughly 280,000 square feet of office space, a 360-bedroom hotel and retail and restaurant space. The hotel is expected to be opened in early 2014. The Deerbrook Group advised Archlane in the deal. For the full story, go to Europe Real Estate .
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