Welput, the specialist central London office fund managed by BentallGreenOak(BGO), has recapitalised its ownership of the landmark site, 105 Victoria Street, and secured a £400m development finance facility to fund the construction of the scheme, due to commence this year.
Marking a return to Victoria, and demonstrating global confidence in London’s office market, the Public Sector Pension Investment Board (PSP Investments), one of Canada’s largest pension investment managers, has co-invested alongside existing Welput investors in the development - the largest speculative West Ed office scheme ever to come forward, which, in April 2021, achieved Westminster City Council’s single largest ever commercial building consent.
You can read the full press release now at the link below
