German lender HSH Nordbank said it has arranged and underwritten a £122mln (EUR 152mln) loan facility for the development of European investment bank Rothschild's new London headquarters.
German lender HSH Nordbank said it has arranged and underwritten a £122mln (EUR 152mln) loan facility for the development of European investment bank Rothschild's new London headquarters.
The new building will be located on Rothschild’s historic London site at New Court, St Swithin’s Lane in the heart of the City of London, where Rothschild has had a presence for 200 years. Construction on the new building began in the first quarter of 2008 and is scheduled for completion in 2011. The new property will be Rothschild's third purpose-built headquarters on the site.
The building has a net internal area of 13,000 m2, and will be more than twice as large as the investment bank's existing property in London.