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HFF arranges £108M financing for London property revamp

HFF Real Estate Ltd. arranged a £108 million bilateral acquisition and refurbishment financing for the 127 Kensington High St. mixed-use project in London's Kensington and Chelsea borough.

HFF worked on behalf of AshbyCapital, with the financing provided by an unnamed global investment bank, according to a release.

The 127,000-square-foot neglected property, built in the 1970s, is set to be revamped to provide office and retail space. The acquisition also includes an adjacent retail arcade.