LaSalle Facilitates £100M Loan for Apollo's Pavilion Court in Wembley
Deal News | Jan 28, 2025 | LaSalle Investment Management
LaSalle Investment Management has announced the provision of a £100 million loan to refinance Apollo-managed funds' acquisition of Pavilion Court, a purpose-built student accommodation (PBSA) property in Wembley, London. The loan is part of LaSalle's Real Estate Debt Strategies IV Fund and demonstrates LaSalle's robust real estate debt platform in Europe. Pavilion Court, completed in 2021 and situated in the Wembley Park Masterplan area, offers 699 beds, including studios and en-suite rooms, and a variety of amenities. Its proximity to major London universities makes it a prime location for student accommodation. LaSalle aims to continue growing in the real estate debt market, while Apollo sees the potential for multiple value creation strategies in the asset over time.
Sectors
- Real Estate Investment
- Student Accommodation
- Financial Services
Geography
- United Kingdom – The property discussed in the article, Pavilion Court, is located in Wembley, London, UK.
- Europe – LaSalle Investment Management's activities in the article reflect its role as a major European real estate debt provider.
Industry
- Real Estate Investment – The article focuses on a real estate investment transaction involving the refinancing of a property acquisition.
- Student Accommodation – The article discusses the refinancing of a purpose-built student accommodation property.
- Financial Services – The loan financing provided by LaSalle Investment Management highlights the financial services sector's involvement.
Financials
- £100 million – Loan amount provided by LaSalle to refinance the acquisition of Pavilion Court.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| LaSalle Investment Management | Lender | Company | A global real estate investment manager providing the £100m loan. |
| Apollo Global Management | Owner | Company | The company managing the funds that own Pavilion Court. |
| Pavilion Court | Target company | Company | A 699-bed purpose-built student accommodation property in Wembley, London. |