Baar-Zug, 19 August 2010
Partners Group provides Senior B debt facility for the refinancing of 5 Canada Square in London's Canary Wharf on behalf of its clients
Partners Group, the global private markets investment manager, continues to identify a significant number of attractive private real estate investment opportunities. On behalf of its clients, Partners Group committed to providing a GBP 40m Senior B debt facility together with a co-investor for the refinancing of 5 Canada Square in London.
The asset is a prime property located in the heart of London's Canary Wharf, adjacent to the London Underground, Dockland Light Railway and future Crossrail stations. The property is fully let on a 15+ year lease to a financially strong international tenant.
Partners Group led the private negotiations for the provision of this facility. While expected to generate attractive interest returns, the Senior B facility enjoys significant downside protection due to the equity and junior debt in the capital structure.