Barings Real Estate Advisers has arranged a £29.65m financing facility for investment manager CORESTATE Capital Holding, to support their £48m acquisition of the Royal Liver Building on behalf of an institutional investor.
The Royal Liver Building is an iconic 328,800 sq ft Grade A refurbished office building which is integral to Liverpool’s UNESCO designated World Heritage Waterfront.
This transaction marks the first time that the Grade I listed property has been brought to the market since its grand opening in 1911 as the headquarters of the Royal Liver Assurance Group.
Chris Bates, head of real estate core mortgage Europe, said: “This iconic deal is a strong endorsement of the flexibility of our European debt platform, as we continue to work with a wide range of investor and borrower requirements across both senior and structured debt in the European markets.”
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