In a significant financial development, InterBay has completed a £54.5 million refinance deal for ESG certified offices in London. This marks a notable achievement in commercial refinancing, highlighting InterBay’s ability to navigate complex transactions efficiently. ESG credentials played a key role in the refinancing, emphasising sustainability. Collaboration across teams ensured a swift and effective transaction. Clients express satisfaction with the strategic partnership achieved.
InterBay has successfully finalised a major refinance transaction amounting to £54.5 million, covering two prominent office locations in central London: Great Suffolk Yard and The Risborough. The combined office space exceeds 80,000 square feet and has been designed with adaptability in mind. Notably, the offices boast superior ESG credentials, including BREEAM ‘Excellent’ certification and ‘A’ rated Energy Performance Certificates, which underscore the commitment to sustainability in modern commercial real estate.
The transaction was initiated by Mo Parmar, a specialist finance account manager at InterBay, who embarked on this project on the 8th of July. Remarkably, the entire process reached completion in just 14 weeks, culminating in a 10-year interest-only financial solution. This rapid turnaround reflects InterBay’s proficiency in managing substantial transactions with agility and effectiveness, a sentiment echoed by Adrian Moloney, group intermediary director at OSB Group.
Permanent collaboration between sales, underwriting, and real estate teams was instrumental in achieving a seamless process. Adrian Moloney remarked on the capability of InterBay to handle large deals efficiently, crediting the harmonious teamwork for facilitating this complex transaction. Ashley Slade, managing partner at AWS Financial Services, further recognised the strategic alignment with InterBay as a funding partner, attributing their proactive and efficient approach as key factors in executing a well-rounded deal.
Feedback from clients has been overwhelmingly positive, with a specific emphasis on the quality of long-term relationships that formed the foundation of the deal. The decision to collaborate with InterBay was meticulously considered to ensure strategic alignment with the aspirations and core values of the properties involved. The professional handling and smooth execution by InterBay have set a precedent for future engagements, with clients eager to pursue additional partnerships.
InterBay’s effective handling of the £54.5m refinance showcases its excellence in commercial finance and commitment to sustainability.
