In its capacity as mandated lead arranger, agent and sole underwriter, Helaba is financing an high-quality office complex in the Greater Copenhagen area in an amount of DKK 722 million (approx. €96.8 million) for South Korean AIP Asset Management. The property is located in Søborg and is a large domicile property of approx. 50,000sqm, fully let to the global pharmaceutical company Novo Nordisk A/S.
Helaba as sole lender has provided a 4 year £125m investment loan facility to the King’s Cross Central Limited Partnership to refinance the development loan facility that assisted with the construction of the S2 Building in King’s Cross, London. Helaba acted as the Arranger, Agent and Lender for the existing development loan facility. The S2 Building, which forms part of the wider King’s Cross development, is a c.200,000 sq ft Grade A office building let to Google. Construction commenced in 2016 with practical completion achieved in December 2018. The building has been designed to a high standard of sustainability and achieved an Excellent BREEAM rating.
Property S2 Building, King’s Cross, London
Customer King’s Cross Central Limited Partnership
Loan Investment term loan facility
Loan Volume £125m (ca. €138.000.000)
Role of Helaba Sole Lender
Department Real Estate Finance UK
Financial Close May 2019