Login

Bank of Ireland lends £104m against WeWork-let 1 Poultry as Korea’s Hana completes £175m acquisition of the building

The financing represents BoI's largest single-asset financing since its return to lending in the UK two years ago
1 Poultry is principally leased to co-working phenomenon WeWork
1 Poultry is principally leased to co-working phenomenon WeWork
By James Buckley
December 14, 2018 | 12:04 P.M.

Specialist real estate banking firm, Brookland, has lined up £104m in acquisition finance for Hana Alternative Asset Management, Brydell Partners and Industrial Bank of Korea’s £175m acquisition of the iconic 1 Poultry development in the City of London with Bank of Ireland, with the sale of the building having completed yesterday.

This news story is available exclusively to CoStar subscribers.

Watch the video to learn how you can access industry leading CRE news and the data analytics you need to drive success.

This news story is available exclusively to CoStar subscribers.

Ready to Learn More?

Sign Up For a Personalized Demo.

Sign Up For a Demo To Learn More.

Already A Subscriber? Sign In

IN THIS ARTICLE