Starwood European Real Estate is providing £45m towards the £200m refinancing of the Aldgate Tower, a new Grade A office building located in the City of London. The terms of the loan have not been disclosed but Starwood say “The loan’s interest rate is part fixed with part floating over 3 month LIBOR. The Company expects to earn an attractive risk adjusted return commensurate with its stated investment strategy.”
Aldgate Tower comprises 317,000 sq ft of space over 18 floors and sits on top of Aldgate tube station, just to the east of the City of London.
SWEF : Starwood finances Aldgate Tower