Canadian investor Brookfield has laid out a proposal to extend and restructure a loan secured against one of the largest office towers in the City of London.
Brookfield is seeking to extend £460M of debt secured against the 704K SF Citypoint office building. That comes the same week the building’s second-largest tenant said it would leave in 2030. 
Brookfield acquired Citypoint in 2016 for £607M by buying into its debt after it previously went into receivership.
New debt, a £368M senior loan that was securitised and a £92M mezzanine loan, was put in place in 2018. That senior loan was meant to mature in January 2022 but was…