Hilco Real Estate Finance (HREF) has provided a £4.5m loan to support post-acquisition works on an 18,000 square foot Grade 2 listed former wharf building, now a multi-let office block on the south bank of the Thames, near Tower Bridge.
The borrower, a private propco SPV, acquired the mixed-use, gated building in April 2025.
The 12-month facility from HREF will fund an asset management and re-gearing programme, with improvements aimed at delivering Cat A Grade B accommodation.
Charlie Job (pictured), vice president at HREF, said: “As long-term advocates of the London offices sector, this is a deal that made immediate sense to us.
“The office is well located with a good tenant profile, strong income generation and a tangible asset management up-side, making for excellent loan security.
“The sponsor is also an experienced investor with an excellent track record and a clear investment strategy”.
Steve Allen, business development director at HREF and originator of the deal, said: “This was a great loan opportunity, introduced by a long-standing broker, which had a hard deadline date.
“Despite various complicating factors, we worked closely with the borrower and relevant professionals to provide the required funding within the desired timescale.
“We look forward to transacting further with a good quality sponsor”.
