Welput nets £400m funding for 'all electric' London office project
9th March 2022
UK office fund Welput has secured a £400 million ($525 million) development loan for its ambitious “all electric” office project in London.
Public Sector Pension Investment Board (PSP Investments), one of Canada's largest pension investment managers, has co-invested alongside existing Welput investors in the development, while Allianz Real Estate provided around £200m of the new £400m development finance facility, which will partly fund the construction of the scheme.