Macquarie supports commercial RE acquisition

Three properties will be purchased on the back of the financing facility extended by the lender.

Macquarie Lending, the debt financing arm of Macquarie Group, has extended a financing facility providing capital for the purchase of three commercial real estate developments. The assets are being acquired by real estate developer Carter Victoria Limited.

According to a company announcement, Macquarie has provided more than £30 million (€35 million, $39 million) via the financing facility. The loan has first mortgage security over the properties. Further terms of the financing could not be determined by time of publication.

The three properties being acquired with the proceeds of the loan are based in the Borough of Westminster, London. The properties range in size from approximately 12,000 square feet to 38,000 square feet.

Macquarie also recently participated in a significantly larger deal, providing £502 million to back a consortium purchasing 61 percent of UK energy company National Grid. The investment was made via the firm’s infrastructure-focused financing unit Macquarie Infrastructure Debt Investment Solutions.

Macquarie has approximately £294 billion in assets under management, across various investment businesses. According to the company announcement, the firm has made £1 billion worth of debt investments during the past 12 months.