DekaBank has acted as Sole Arranger and Underwriter on a £95.63m four-year term loan secured on 4 Cannon Street, London, EC4M (“4 Cannon Street”).
4 Cannon Street is a high quality office building which was redeveloped in 2019 to provide 105,895 sq ft of modern grade A space arranged over six floors. The property is fully let in a prime position in the heart of the City of London.
This facility follows DekaBank's recent £284.55m club financing of 3 & 4 Pancras Square, N1C in July, and further underlines its commitment to providing fully underwritten financing solutions to key clients in strategically important locations.
DekaBank is the Wertpapierhaus (securities services provider) of the German Savings Banks Finance Group. Together with its subsidiaries it forms Deka Group, which has total customer assets of around EUR 298 billion (as at 30/06/2019) and around 4.7 million securities accounts, making it one of the largest securities services providers and real estate asset managers in Germany. It provides retail and institutional clients access to a wide range of investment products and services. DekaBank is firmly anchored in the Sparkassen-Finanzgruppe and designs its portfolio of products and services to meet the requirements of its shareholders and sales partners in the securities business.