DekaBank has closed a £82.5m term loan facility secured against 103 Colmore Row, Birmingham (“103CR”). The loan is being made available to European Property Investors Special Opportunities 4 (“EPISO4”), a pan European Real Estate Fund managed by Tristan Capital Partners.
Developed in 2021, 103CR has strong ESG credentials with a BREEAM rating “Excellent” and EPC rating A. The building is now 82% leased and has set market leading headline rents for the Birmingham City office market to a broad range of professional tenants.
Sebastian Vetter, Global Head of Real Estate Lending at DekaBank commented: “This financing builds upon our existing relationship with Tristan and continues the bank’s commitment to finance “Best-In-Class” office assets across the UK with strong ESG credentials”.
