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Hexagon Loan Portfolio

London, UK
  • Acquisition Type:
    Loan Note
  • Acquisition Date:
    2009
  • Status:
    Sold
  • Project:
    3 office buildings
  • Building Age:
    1960’s
  • Size:
    103,642 sq. ft
  • Asset Class:
    Office
Highlights
  • Westcore was one of the first investors to acquire real estate debt in the UK. In 2010, Westcore Europe acquired two loans secured against office buildings in central London, with combined face values exceeding £100 million. Both loans were fully repaid by the borrower, well ahead of the term expiry, with returns significantly exceeding business plan targets.