InterBay provides £54.5m refinance on ESG-accredited offices

Published on

InterBay has completed a commercial refinance totalling £54.5m in two locations in central London.

The two office locations, Great Suffolk Yard and The Risborough, cover over 80,000 square footage between them.

The client was looking to address a post-Covid demand for considered, appealing spaces focused on amenity & wellbeing, adapting their business model to cater to these changing needs.

Great Suffolk Yard

Mo Parmar, specialist finance account manager at InterBay, took the initial enquiry on 8 July, and the case took 14 weeks to complete, providing a 10-year interest-only financial solution.

These buildings have high ESG credentials including BREEAM ‘Excellent’ certified and EPC ratings of ‘A’;This means the properties are not only energy efficient but they also have a holistic sustainability approach.

PREMIUM PROPERTIES

Interbay explains that IBREEAM accredited buildings can achieve a rental premium of around 9% on average, with publicly listed tenants more likely to disclose their corporate social responsibility (CSR) policies and therefore more likely to occupy a sustainable-labelled space.

InterBay’s in-house sales, underwriting and completions as well as the external legal team at Paris Smith, meant that the deal was actively managed with any potential challenges identified and resolved swifty.

“It shows once again InterBay’s expert approach to this type of commercial case”

Adrian Moloney

Adrian Moloney, group intermediary director at OSB Group, said: “This achievement showcases InterBay’s prowess in handling substantial transactions and highlights our efficiency in turning around complex deals swiftly.

“With Mo’s collaborative approach including sales, underwriting, and real estate teams working seamlessly as one, it shows once again InterBay’s expert approach to this type of commercial case.”

Ashley Slade, managing partner, AWS Financial Services, added: “Our client’s business is built on high-quality long-term business relationships. The decision to proceed with InterBay as the funding partner was thoroughly considered to ensure alignment with our aspiration for the properties and core values.

“InterBay maintained a pro-active approach throughout to deliver a very efficient & well-executed transaction. The whole team at InterBay were thoroughly impressive and we look forward to working with them for future projects.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

Latest articles

Homebuying delays deter two thirds from moving again, OPDA says

Two thirds of recent home movers say the experience of buying or selling a...

Knight Frank cuts 2026 forecast as conflict hits sentiment and rates

Knight Frank, the London-headquartered global property consultancy and estate agent, has downgraded its near-term UK...

Mortgage mental health walk hits capacity as 72 sign up

The Mortgage Industry Mental Health Charter has confirmed its 2026 Walk and Talk event is now...

Beyond the walk: Mortgage leaders talk mental health

The Mortgage Industry Mental Health Charter (MIMHC) is hosting its third annual 144-mile Walk...

The Swansea reports mortgage growth at AGM

Swansea Building Society has reported growth in assets, mortgages, savings and capital reserves for...

Latest publication

Other news

Homebuying delays deter two thirds from moving again, OPDA says

Two thirds of recent home movers say the experience of buying or selling a...

Knight Frank cuts 2026 forecast as conflict hits sentiment and rates

Knight Frank, the London-headquartered global property consultancy and estate agent, has downgraded its near-term UK...

Mortgage mental health walk hits capacity as 72 sign up

The Mortgage Industry Mental Health Charter has confirmed its 2026 Walk and Talk event is now...