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ING Issues £109M Loan For New Bond Street Purchase
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ING Real Estate Finance issued a loan for £108.9M to Oxford Properties, Richemont and Crown Acquisitions to buy 47-50 New Bond St. The 48k SF property comprises ground-floor retail and offices above, according to Property Week. The original Victorian façade was partially retained when the building was redeveloped in 2009.
The purchaser in 2009 asked the design to allow maximum headroom and create as much open plan space as possible, a wish that was accommodated. The building was ultimately designed without any interior columns.
The building won a RIBA London award in 2012.
