DWS, Deutsche Hypo finance Clivedale's London buy with €95m loan

DWS and Deutsche Hypo have joined forces to provide a £85 mln (€95 mln) financing secured by 20/24 Carlton House Terrace in London's St James's.

As part of the deal, a debt fund managed by DWS has taken a £35 mln mezzanine facility within the overall £85 mln loan.

The financing backs the acquisition of 20/24 Carlton House Terrace by developer Clivedale.
The asset provides 89,855 sq ft (8,350 m2) of office space entirely let to Anglo American.
Andrea Vanni, head of European real estate debt investments for DWS said 'This is a prestigious headquarters office building in a prime London location and this transaction reinforces our strong partnership with Deutsche Hypo and Clivedale.'
Tarun Tyagi, CEO of Clivedale London, added 'Clivedale is delighted to have successfully purchased another prime acquisition in Central London. In keeping with the existing portfolio, Clivedale’s vision for 20/24 Carlton House Terrace is to deliver another world-class office development in an iconic location.'


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