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LBBW/TH Real Estate refinance and syndicate debt on Amazon’s £708m London HQ

Joint venture partners Brookfield and Italy’s ENPAM have refinanced the development loan on Amazon’s European headquarters in London, Principal Place, with a £460m senior loan from Landesbank Baden-Württemberg (LBBW) and TH Real Estate, nearly 30% of which has since been syndicated in the debt markets, CoStar News can reveal.
By James Buckley
October 12, 2018 | 1:00 P.M.

The £460.2m, 10-year fixed rate senior loan carries an LTV of 65%, implying an overall valuation of the City office tower of £708m.

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