Barings has refinanced its Manchester Landmark (pictured) with a £57.5m loan from LaSalle.
The three-year senior loan will replace existing borrowings on the 180,000 sq ft St Peter’s Square office, allowing Barings to push ahead with its leasing strategy. The building – one of the most sustainable in the city – was delivered in 2020 and is leased to a number of large corporate occupiers, including JLL, Grant Thornton, HSBC and Allianz.
Richard Craddock, managing director of LaSalle’s debt investments platform, said: “We remain strong supporters of the office sector, particularly for assets with best-in-class ESG credentials located in core markets such as Landmark.”
