InterBay’s recent financial move has captured attention through its significant £54.5m refinance deal involving two prime office locations in central London.
- The transaction involved Great Suffolk Yard and The Risborough, cumulatively offering over 80,000 square feet of adaptable office space.
- Completed in a swift 14-week period, this refinance provides a decade-long, interest-only financial arrangement.
- The properties boast high standards in ESG, earning BREEAM ‘Excellent’ and EPC ‘A’ ratings for environmental performance.
- Collaborative efforts between various teams ensured a seamless process, reaffirming InterBay’s expertise in managing complex financial transactions.
InterBay’s latest venture into commercial finance has made headlines with a substantial £54.5 million refinance deal for two prestigious office locations in central London: Great Suffolk Yard and The Risborough. These office spaces, together exceeding 80,000 square feet, have been designed to meet the agile needs of modern business environments.
The refinance transaction was notably swift, concluded within just 14 weeks, providing a 10-year interest-only financial solution. This rapid completion demonstrates the efficiency and effectiveness of InterBay’s approach to commercial finance, ensuring that clients meet their financial requirements promptly.
Emphasising the importance of environmental responsibility, the properties involved in this deal are remarkable for their high ESG credentials. They boast BREEAM ‘Excellent’ certifications and achieve Energy Performance Certificate ratings of ‘A’, reflecting a commitment to sustainability and energy efficiency.
Mo Parmar, the specialist finance account manager at InterBay, was pivotal in managing this enquiry from its inception on 8th July. The successful completion of this deal highlights the proficiency and cooperative efforts of sales, underwriting, and real estate teams working in unison to address the complexities of such substantial transactions.
Adrian Moloney, the group intermediary director at OSB Group, commented on the achievement, noting the seamless coordination across different departments, reflecting InterBay’s adeptness at navigating large-scale financial dealings. His sentiments were echoed by Ashley Slade of AWS Financial Services, who remarked on the professionalism and proactive approach that InterBay maintained throughout the process.
InterBay’s adept handling of this refinance deal sets a benchmark in the commercial finance landscape, showcasing its commitment to efficiency and environmental standards.
