Hao Tian Asia Investment Co. Ltd. purchased the approximately 161,689-square-foot property at 55 Mark Lane in London with an £83.0 million loan from a Barings LLC affiliate.
Barings Real Estate provided the buyer with a seven-year fixed-rate first mortgage loan, which translates to a loan-to-value ratio of 65%. The loan was provided on behalf of an institutional investor.
55 Mark Lane has 10 floors including a basement level and comprises grade-A office, retail and ancillary residential space. It is completely occupied by eight office tenants.
