Schroders Capital refinances Holborn office development

Developer Evans Randall Investors has completed a £22m refinancing with Schroders Capital of Thavies Inn House, an office redevelopment scheme on Holborn Circus, EC1. The loan sees Schroders Capital replace Aareal in backing the project, for which Evans Randall received planning permission earlier this year. The 10-storey building will comprise 90,000 sq ft of workspace as well as shops. Tenants that have signed up for space include café Iris & June and advisory firm Hansuke Consulting Ned Williams, managing director at Evans Randall, said the deal “puts us now in a strong position to move ahead with our strategy to deliver another best-in-class office scheme in this part of London”. Evans Randall was advised by JLL’s debt advisory team and Allen & Overy. View top and average rents around Holborn Circus >> To send feedback, e-mail tim.burke@eg.co.uk or tweet @_tim_burke or @EGPropertyNews Image © Wilkinson Eyre Architects