HFF Advises Seaforth Land in £90.8M Acquisition Loan from Blackstone for CAA House, London
HFF (HF)
Last hff earnings: 4/24 04:15 pm
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phx.corporate-ir.net/phoenix.zhtml?c=205281&p=irol-irhome
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Source: Business Wire
LONDON--(BUSINESS WIRE)-- HFF Real Estate Limited (HFF) announces the £90.8 million acquisition financing of CAA House, two interconnected office buildings totaling 222,269 square feet in London’s Covent Garden, Midtown submarket. The HFF team worked on behalf of the borrower, Seaforth Land Holdings Limited, to secure the five-year loan through Blackstone’s Real Estate Debt Strategies division. In conjunction with this acquisition loan, Blackstone is also extending financing toward the refurbishment of the property. CAA House comprises two buildings at 1 Kemble Street and 45-59 Kingsway that are connected via a two-story link bridge on the first and second floors. Originally developed as “Space House” in 1969, the properties were listed in 2015 as “Grade II” by English Heritage. 1 Kemble Street is a 16-storey, 138,556-square-foot building and 45 Kingsway has 62,607 square feet within eight storey
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