CaixaBank Corporate & Investment Banking (CIB), together with Santander UK, has participated in the financing of the acquisition of 70 St Mary Axe, one of the most iconic office buildings in the City of London, acquired by Hayfin Capital Management in partnership with Capreon, from Nuveen Real Estate.
70 St Mary Axe is a 21-storey Grade A office tower opened in 2019, renowned for its distinctive architecture, prime City location and strong sustainability credentials, having achieved BREEAM Excellent certification. The building is fully let to 13 blue-chip tenants, including international law firm Sidley Austin LLP, and benefits from excellent transport connectivity close to Liverpool Street and Bank stations.
The transaction was majority funded by Hayfin and supported by Capreon, which will also act as asset manager. The acquisition further strengthens the long-standing partnership between Hayfin and Capreon, who have been working together on real estate investments since 2017, and builds on Hayfin’s established track record in European and UK real estate, with over €3 billion invested across more than 40 transactions since inception.
CaixaBank CIB’s involvement in this landmark transaction underlines its commitment to delivering tailored financing solutions that support clients’ strategic investments and its continued focus on high-quality real estate assets in key international markets.
Macfarlanes and CBRE advised Hayfin and Capreon on the transaction, while Clifford Chance, Cushman & Wakefield and Newmark acted on behalf of the vendor.
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