Macquarie funds Westminster acquisitions

Macquarie Lending has provided £30m of senior secured debt to Carter Victoria for the acquisition of three office buildings in Westminster, including the headquarters of shopping centre group Intu.

The three adjacent grade-B long-leasehold buildings are Intu’s offices at 40-48 Broadway (38,713 sq ft), 1-11 Carteret Street (21,263 sq ft) and 13-15 Carteret Street (11,923 sq ft). The loan has a first mortgage security over the properties.

“The Westminster and Victoria submarkets have undergone significant regeneration over the past 10 years,” said Adam Joseph, executive director at Macquarie Lending Europe.

“We see this as an asset with strong potential and look forward to working with the team at Carter Victoria.”

The loan comes at a busy time for Macquarie Lending, which has made £1bn of new commitments in the past 12 months alone.

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