AXA IM Alts secures £480 million development loan for landmark net-zero London office scheme, 50 Fenchurch Street
AXA IM Alts , a global leader in alternative investments with €183 billion of assets under management, has secured a £480 million construction loan from Cale Street, the real estate investment and finance firm, to fund the development of its 650,000 sq ft (60,000 sqm) next generation office building at 50 Fenchurch Street. This transaction represents one of the largest development loans agreed ahead of any pre-let in the UK since the beginning of 2023. Following the acquisition of the site by...