Cornerstone Completes GBP 83M Refinancing for Derwent London

LONDON-Cornerstone Real Estate Advisers has provided GBP 83 million in refinancing for two central London properties valued at GBP 172 million.

By GlobeSt News Hub | August 03, 2012 at 01:01 AM

LONDON-Cornerstone Real Estate Advisers has provided GBP 83 million in refinancing for two central London properties valued at GBP 172 million. Laxfield Capital arranged the facility, which was secured by Derwent London plc against two properties in the Fitzrovia sub-market.

Derwent London secured the new financing package for a 147,900-square-foot office structure at 2-8 Fitzroy Street and a multi-tenanted block facing Warren Street, Tottenham Court Road and Grafton Way. Laxfield Capital originated and negotiated the deal for Cornerstone. For the full story, go to Europe Real Estate .

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