Oxford Properties to Secure Fund for London HQ Stake

8 November 2010 (Last Updated November 8th, 2010 18:30)

Canadan-based real estate firm Oxford Properties will receive a £170m ($275m) loan from a German bank to aid in the stake purchase of Nomura Bank's London headquarters. Helaba Landesbank in Berlin is providing financing for Oxford Properties' stake in the building, which was bought fo

Canadan-based real estate firm Oxford Properties will receive a £170m ($275m) loan from a German bank to aid in the stake purchase of Nomura Bank's London headquarters.

Helaba Landesbank in Berlin is providing financing for Oxford Properties' stake in the building, which was bought for £200m ($323m) last month.

The 50,260m² scheme is located on the north bank of the River Thames.

The building was developed in 2008 by UBS and Oxford in a 50:50 joint venture and was leased to the Japanese Bank last year, according to the Independent.