ING Issues £109M Loan For New Bond Street Purchase

47-50 New Bond Street, London
Photo credit: Google Maps

ING Real Estate Finance issued a loan for £108.9M to Oxford Properties, Richemont and Crown Acquisitions to buy 47-50 New Bond St. The 48k SF property comprises ground-floor retail and offices above, according to Property Week. The original Victorian façade was partially retained when the building was redeveloped in 2009.

The purchaser in 2009 asked the design to allow maximum headroom and create as much open plan space as possible, a wish that was accommodated. The building was ultimately designed without any interior columns.

The building won a RIBA London award in 2012.

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's London Newsletters
Related Stories

Avison Young Had Assets Frozen By Bank Over Unpaid Taxes

King Of Prussia Pursues Stadium To Anchor $200M Mixed-Use Complex

Equinix Bets Big On Slough Data Centres: The London Deal Sheet

Redevco Buys 560K SF Jaguar Land Rover Logistics Hub In UK IOS Push

Unite Looks To Reshape Student Portfolio After £417M First-Half Loss

1200 White St., Atlanta's Newest Creative Hub, Is Transforming The West End

Arada Pushes Forward £2.5B Docklands Scheme: The London Deal Sheet

The Crown Estate Unveils Nearly 170K SF Of West End Redevelopment

Plans For Colorado's Newest Private Golf Course Revealed: The Denver Deal Sheet

Risk-Averse Market Means This Retrofit Success Could Be A One-Off

JD.Com Buys £147M London HQ: The London Deal Sheet

The Dark Night That Made £3B Hotel Giant Surinder Arora