HREF provides £4.5m loan for London office block
By Tara SammonsHilco Real Estate Finance (HREF) has closed a £4.5m loan to support the post-acquisition works on a Grade II-listed ex-wharf building.
Section: Case Studies
The property is now a multi-let office block on the south bank of the River Thames, near Tower Bridge.
The borrower, a private propco SPV, acquired the mixed-use gated building in April 2025 and has secured funding from HREF to support an ongoing asset management and re-gearing programme.
The 12-month facility will support this and deliver material improvements to the existing building, resulting in Cat A Grade B accommodation.
The building is currently operational and is fully let with multiple tenants.
Charlie Job, vice president at HREF (pictured above), commented: “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 this 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”.
HREF was represented on the legal work by Clarion Solicitors and the surveyors were Anderson Wilde & Harris.
Keywords: London office block loan, Hilco Real Estate Finance, HREF £4.5m funding, Grade II-listed building, Tower Bridge offices, Charlie Job HREF, Steve Allen HREF, Cat A Grade B space, London commercial property, SPV property investment, multi-let office block, River Thames real estate