Allianz Real Estate’s first single-asset private rental sector debt transaction in Europe
© Canary Wharf Group
Asset name | 10 George Street in Canary Wharf |
Country | United Kingdom |
City | London |
Asset type | Mixed Use |
Investment type | Core |
Size | net rentable area of 224,039 sq ft, 327 residential units and three retail units |
Signing date | 2021 |
Sustainability | BREEAM ‘Excellent’ accreditation and Code of Sustainable Homes certificate, fully aligned to the CRREM carbon reduction pathway for residential buildings. |
Loan initial | EUR 161m |
LTV/LTC initial | 55% |
Tenor | 10 year term |
Allianz Real Estate GmbH and Allianz Real Estate of America, their subsidiaries and affiliates are known jointly as “Allianz Real Estate”. Allianz Real Estate is a PIMCO company. When introducing a property investment opportunity to Allianz Real Estate you acknowledge that we are under no obligation to accept your introduction or enter into any agreement with you. Fees, commission or other payments in respect of introductions shall only be payable where there is a signed written agreement to that effect entered into between Allianz Real Estate and the introducer. By submitting an introduction to Allianz Real Estate you shall be deemed to have accepted the aforementioned terms.
PIMCO is a trademark of Allianz Asset Management of America L.P. in the United States and throughout the world. ©2022, PIMCO.