Charterhouse Estate, London
BNP Paribas Real Estate assisted Anglo American and De Beers in securing funding for the successful redevelopment of the Charterhouse Estate in London.
To secure forward funding for the major refurbishment and redevelopment of the estate in order to provide 145,619 sq ft of Grade A office accommodation, 27 residential apartments and a further 6,691 sq ft of warehouse-style office accommodation.
Following a full marketing campaign to global investors, the development was forward funded with M&G Investments. The brief was met successfully, with each stage from initiation through to completion carefully tracked and strategically managed by the teams involved, providing valuable support for the client’s decision- making process.
“The forward funding solution enabled Anglo American and De Beers to design, secure and fund a bespoke office building for its future occupation, while enjoying the profits from a successful development and sale at a premium investment yield.“