{"id":1004351408,"date":"2019-09-11T01:18:00","date_gmt":"2019-09-11T09:18:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004351408"},"modified":"2019-09-11T01:18:00","modified_gmt":"2019-09-11T09:18:00","slug":"london-mixed-use-tower-lands-121m-loan","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/london-mixed-use-tower-lands-121m-loan\/","title":{"rendered":"London Mixed-Use Tower Lands $121M Loan"},"content":{"rendered":"
\"\"<\/a>

Manhattan Loft Gardens. Image courtesy of LaSalle Investment<\/em><\/p><\/div>\n

LaSalle Investment Management has provided a senior loan facility for Manhattan Loft Gardens, a mixed-use tower in the Stratford neighborhood of London. According to Daniel Pottorff, managing director of debt and special situations, LaSalle secured $121.4 million through its Real Estate Debt Strategies III fund for the hotel and residential property at 20-22 International Way.<\/p>\n

Designed by SOM, the 42-story tower that overlooks Queen Elizabeth Olympic Park features a unique architectural design that incorporates two cantilevers. Sectioned into two uses, the 146-key Stratford hotel is between the building\u2019s first and seventh floors, while the 248-unit residential component\u2014which includes studios, one-, two- and three-bedroom units\u2014can be found between the eighth and 41st floors. Residents also get access to the hotel\u2019s amenities, such as the three sky gardens, concierge service, event rooms, a gym and a dry spa, as well as the building\u2019s three restaurants.<\/p>\n

In line with LaSalle\u2019s strategy<\/h2>\n

Amy Klein Aznar, LaSalle\u2019s head of debt investments and special situations, said Manhattan Loft Gardens fits their model of financing projects in urban growth areas near transportation nodes. She added this loan was the 15th deal completed by the company\u2019s fund since 2017. LaSalle also financed the nearly-complete City North development, a 335-unit luxury project being built near the Finsbury Park tube station. The residential tower will include one- to four-bedroom apartments, with 24-hour concierge service, rooftop lounge and Wi-Fi.<\/p>\n

This year, LaSalle joined the U.S. real estate debt sector. The global real estate investment manager acquired a majority stake in Latitude Management Real Estate Investors, naming the new debt platform LaSalle Mortgage Real Estate Investors. The $1.2 billion deal closed in January<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

LaSalle Investment\u2019s Real Estate Debt Strategies III fund financed Manhattan Loft Gardens, a 42-story hotel and residential tower. <\/p>\n","protected":false},"author":883,"featured_media":1004351417,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21825,16,21783,21752,21742],"tags":[33722],"class_list":["post-1004351408","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-finance","category-international","category-investment","category-mixed-use","category-latest","tag-lasalle-investment-management"],"acf":[],"yoast_head":"\nLondon Mixed-Use Tower Lands $121M Loan - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/london-mixed-use-tower-lands-121m-loan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"London Mixed-Use Tower Lands $121M Loan\" \/>\n<meta property=\"og:description\" content=\"LaSalle Investment\u2019s Real Estate Debt Strategies III fund financed Manhattan Loft Gardens, a 42-story hotel and residential tower.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/london-mixed-use-tower-lands-121m-loan\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2019-09-11T09:18:00+00:00\" \/>\n<meta name=\"author\" content=\"Jackson Chen\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/09\/MLG-featured.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/london-mixed-use-tower-lands-121m-loan\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/london-mixed-use-tower-lands-121m-loan\\\/\"},\"author\":{\"name\":\"Jackson Chen\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/8d4607aca26f3427c49fe54ddc82ddf1\"},\"headline\":\"London Mixed-Use Tower Lands $121M Loan\",\"datePublished\":\"2019-09-11T09:18:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/london-mixed-use-tower-lands-121m-loan\\\/\"},\"wordCount\":298,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/london-mixed-use-tower-lands-121m-loan\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2019\\\/09\\\/MLG-featured.jpg\",\"keywords\":[\"LaSalle Investment Management\"],\"articleSection\":[\"Featured\",\"Finance\",\"International\",\"Investment\",\"Mixed Use\",\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/london-mixed-use-tower-lands-121m-loan\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/london-mixed-use-tower-lands-121m-loan\\\/\",\"name\":\"London Mixed-Use Tower Lands $121M Loan - 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