Redevco Secures £47.5 Million Financing for London Office Project

Deal News | Apr 08, 2025 | Stephenson Harwood LLP

Stephenson Harwood LLP provided advisory services to Redevco in securing a significant £47.5 million loan for its newly launched debt platform. This financing will support Original Works, a collaboration between Invesco Real Estate and Simten, to acquire and refurbish a 56,000 sq. ft property located at 10 Salisbury Square in the City of London. The development aims to transform the office space into a Grade A facility prioritizing health and sustainability measures. Stephenson Harwood's specialized team covered aspects of debt finance, real estate, construction, tax, and corporate law in this transaction.

Sectors

  • Real Estate
  • Debt Financing
  • Construction

Geography

  • United Kingdom – The article focuses on a real estate project located at 10 Salisbury Square in the City of London.

Industry

  • Real Estate – The article involves Redevco, a prominent real estate manager, and covers the acquisition and refurbishment of an office property.
  • Debt Financing – The article discusses the provision of a £47.5 million loan facility as part of Redevco’s new debt platform.
  • Construction – The project involves the refurbishment and extension of office space, highlighting the construction industry.

Financials

  • £47.5 million – The loan facility provided to Redevco for the acquisition and refurbishment of an office project.

Participants

NameRoleTypeDescription
RedevcoClientCompanyOne of Europe’s leading privately-owned real estate managers.
Stephenson Harwood LLPLegal AdvisorCompanyProvided legal advisory services to Redevco on various aspects of the transaction.
Original WorksBorrowerCompanyA new platform launched between Invesco Real Estate and Simten focused on acquiring and refurbishing real estate properties.
Invesco Real EstatePartnerCompanyA partner in the Original Works platform.
SimtenPartnerCompanyA partner in the Original Works platform.