Private European real estate giant Redevco has provided its first loan as part of a push into property lending, backing an office retrofit in the City of London.
Redevco provided a £48M facility for the acquisition and refurbishment of the 56K SF 10 Salisbury Square. Original Works, an office retrofit venture between $65B global fund manager Invesco Real Estate and UK development manager Simten, is leading the project.
Original Works launched in January this year, aiming to undertake £500M of London retrofit projects. 10 Salisbury Square is its first scheme. 
The Redevco loan is structured as a green loan in accordance with Loan Market Association Green Loan Principles….