German bank BayernLB said Monday it is providing a £ 400mln (EUR 510mln) five-year financing loan to the real estate investment trust Hammerson for its Bishops Square landmark building in the City of London. The project, which was valued at £ 597mln at the end of December 2007, offers a total 75,800 m[sup]2[/sup] of office and retail space. The transaction represents the largest real estate financing deal reached so far this year on a single property in the UK, according to BayernLB.
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