Macquarie Capital provides £188m refi for Shoreditch’s Stage
Cain International, alongside McCourt Partners, Galliard Homes, Vanke, and Investec, has secured £188m refinancing for the residential component of the Stage, in Shoreditch, EC2, from Macquarie Capital.
The mixed-use development is located on the site of the historic Curtain Theatre, where Shakespeare’s company the Lord Chamberlain’s Men used to perform. The 37-storey tower comprises 412 homes, and an underground amusement arcade.
The site will also include two office buildings over 60,000 sq ft of retail and leisure space, and the Museum of Shakespeare.
Cain International, alongside McCourt Partners, Galliard Homes, Vanke, and Investec, has secured £188m refinancing for the residential component of the Stage, in Shoreditch, EC2, from Macquarie Capital.
The mixed-use development is located on the site of the historic Curtain Theatre, where Shakespeare’s company the Lord Chamberlain’s Men used to perform. The 37-storey tower comprises 412 homes, and an underground amusement arcade.
The site will also include two office buildings over 60,000 sq ft of retail and leisure space, and the Museum of Shakespeare.
JLL’s debt advisory and structured finance team advised Cain on the transaction.
Cain International chief executive Jonathan Goldstein said: “This new agreement with Macquarie Capital is a strong endorsement of the quality and unique appeal of the Stage’s residential offer, as well as the ongoing resilience of premium residential developments that are well-located in popular urban centres.
“While the past few years have brought about significant changes in how we occupy and value different types of real estate, the appetite of leading global investors for dynamic investment opportunities has remained strong and we look forward to continuing our strategy for the Stage with Macquarie Capital.”
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Image © Cain International
