Allianz refinances London & Regional’s W1 offices

Allianz Real Estate has refinanced London & Regional’s 55 Baker Street, W1. Allianz’s share in the senior loan is £212m and has been implemented by Allianz Real Estate on behalf of two Allianz companies. 55 Baker Street is in the centre of London’s Marylebone district. A former Marks & Spencer headquarters, the property is has around 500,000 sq ft of offices, and is occupied by tenants including Knight Frank and London & Regional itself. It was acquired by London & Regional in 2005 and redeveloped in 2008. Roland Fuchs, head of European real estate finance at Allianz Real Estate, said: “We find this conservative deal configuration very appealing and prime real estate like 55 Baker Street supported by top quality sponsors suits our approach to European debt investment. 55 Baker Street also expands our UK portfolio, supporting the diversification strategy that the Allianz companies have been pursuing since 2013.” Allianz co-financed the CityPoint Tower earlier in the year. To send feedback, e-mail nick.johnstone@egi.co.uk or tweet @n_johnstone or @estatesgazette