Macquarie Lending supports Westminster office acquisition

London, 19 May 2017

Macquarie Lending has financed the acquisition of three adjacent Grade B, long leasehold office buildings in Westminster, London comprising: 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 “properties”) by Carter Victoria Limited (“Carter Victoria”).

Macquarie Lending has committed over £30 million of senior secured debt to support the acquisition of the properties. The loan has a first mortgage security over the properties.

Adam Joseph, Executive Director of Macquarie Lending Europe, said: “The Westminster and Victoria submarkets have undergone significant regeneration over the last ten years. We see this as an asset with strong potential and look forward to working with the team at Carter Victoria.”

Edward Moore, Senior Asset Manager of Carter Victoria, said: “Carter Victoria are delighted to have completed the purchase of 40 Broadway & 1-11 / 13-15 Carteret Street and are looking forward to working with Macquarie both on this project and future opportunities to develop the successful relationship that has been established.”

Macquarie Lending has substantial experience in structuring and underwriting bespoke financing solutions to clients, as well as deep expertise within the real estate market, with circa £1 billion new commitments / investments made in the last twelve months alone.

Hogan Lovells acted as legal advisors to Macquarie. Savills provided real estate valuation advice and McBains Cooper provided technical due diligence advice.

Contact

Victoria Mundell
Corporate Communications
+44 (0)20 3037 2031
victoria.mundell@macquarie.com

About Macquarie

Macquarie Group (Macquarie) is a global provider of banking, financial, advisory, investment and funds management services. Founded in 1969, Macquarie employs more than 13,597 people in over 27 countries. At 31 March 2017, Macquarie had assets under management of £294 billion. For more information, visit www.macquarie.com.

Part of the Group’s Corporate and Asset Finance business, Macquarie Lending is the principal finance and investing arm of Macquarie Bank focused on corporate and commercial real estate clients. As a leading primary lender and acquirer of secondary loans across Europe, North America and Australasia, Macquarie Lending has provided more than £7.4 billion in new loan commitments in Europe since 2009, with £1 billion in the last 12 months alone.

Recognising that every client is different, Macquarie Lending's expertise goes beyond traditional financing to adapt solutions to meet individual client needs. With offices in New York, Chicago, London and Sydney, Macquarie Lending has more than 80 experienced lending and investing professionals globally.