Global Holdings Group has refinanced its Sea Containers scheme in London with a £290m senior term loan from ING, SMBC and BayernLB.
The landmark scheme, which is located on London’s South Bank, provides 292,000 sq ft of prime office space and the 359-bed Sea Containers Hotel operated by Lore Group.
Sea Containers has an EPC B and BREEAM Excellent ratings and the deal has been documented as a green loan.
Josh Lawrence, chief executive of Global Holdings Management Group UK, said: “We are pleased to have completed a new financing agreement with trusted partners ING, BayernLB, and SMBC. We now look forward to growing this business community with the completion of the neighbouring Barge Crescent as we create an environment where companies can thrive and attract the best talent.”
Samuel Ellis, head of ING UK Real Estate, added: “We are delighted to have successfully closed this sustainable term loan for Sea Containers; the deal reinforces ING’s capabilities to offer bespoke, sustainable financing products in collaboration with top-tier sponsors like Global Holdings.”
Laura Williams, head of real estate London at Bayern LB, said: “We are thrilled to be extending our relationship with Global Holdings and financing this key asset in their portfolio; this transaction underlines Bayern LB’s commitment to supporting our key relationships and financing sustainable real estate with strong fundamentals.”
Simon Chantry, head of structured real estate finance EMEA at SMBC, added: “This refinancing aligns with SMBC’s objectives to provide cross-product and sustainability-led support for key clients; we are very pleased to be expanding our relationship with Global Holdings for this landmark London asset. Thanks for the close collaboration of all parties to bring about a successful closing.”
