Octopus Real Estate and First 4 Bridging complete £21m commercial
Octopus Real Estate

Octopus Real Estate and First 4 Bridging complete £21m commercial loan for London office

Octopus Real Estate has worked alongside Myles Williams, CEO at First 4 Bridging, to complete a £21m commercial loan for the refinancing of a London office.

Located on Herbal Hill in Clerkenwell, the 33,000 sq ft office provides modern office accommodation arranged over the lower ground, ground and four upper floors and is now in the process of being let to a variety of new tenants seeking immediate occupation.

The specialist real estate investor has provided a 12-month loan facility, with the borrower likely to refinance the loan into their existing wider portfolio term facility once the office has been fully let.

“Clerkenwell offers a vibrant range of office accommodation and attracts key players in the marketing, media and technology sectors, with LinkedIn’s recent arrival underlining this,” said Dominic Gibson, fund manager at Octopus Real Estate. 

“London remains a very attractive location for office investment and occupation, so we are delighted to have completed another notable loan in the city.” 

Myles added: “This project is yet another example of the booming London office market.

“We were delighted to be instructed to source and secure funding for the borrower.”

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