ING’s UK Real Estate team has completed the successful coordination of a £290m senior term loan. This financing, which includes SMBC and BayernLB, was provided to the Global Holdings Group for the refinancing of its landmark Hotel and Office asset on London’s Southbank, known as Sea Containers.
Sea Containers is an iconic riverfront property positioned on the River Thames. The building features 292,000 sq ft of prime office space and is also home to the 359-bed design-led Sea Containers Hotel, which is operated by Lore Group.
Located in the heart of London’s South Bank, Sea Containers is well-established as a key destination. It offers a vibrant mix of amenities, including a waterfront restaurant, spa, and an award-winning rooftop bar with panoramic views across the City skyline. The transaction has been structured as a green loan, reflecting the property’s strong sustainability credentials, which include a BREEAM Excellent rating and an EPC B rating.
These credentials have led to a flurry of leasing activity over recent months at Sea Containers’ 62,258 sq ft office element, Twenty Two Upper Ground. International accountancy adviser CFGI signed a five-year term to occupy 7,776 sq ft of workspace, whilst healthcare communications business Lucid Group agreed a five-year lease for 7,721 sq ft of space. These occupiers benefit from a range of amenities within the Sea Containers complex, including bookable meeting rooms, a gym, restaurants, and bars.
Samuel Ellis, Head of ING UK Real Estate, said: “We are delighted to have successfully closed this sustainable term loan for Sea Containers; the deal reinforces ING’s capabilities to offer bespoke, sustainable financing products in collaboration with top-tier sponsors like Global Holdings.”
Josh Lawrence, Chief Executive of Global Holdings Management Group UK, said: “We are pleased to have completed a new financing agreement with trusted partners ING, BayernLB, and SMBC. We now look forward to growing this business community with the completion of the neighbouring Barge Crescent as we create an environment where companies can thrive and attract the best talent.”
ING stands among Europe’s top five largest real estate banks and holds a leading position in the Dutch market. This latest transaction highlights ING’s ongoing commitment to excellence in real estate financing, reflecting its ability to deliver innovative and sustainable funding solutions for clients in premier European locations.
