Refinancing of Amsterdam's World Fashion Centre, a landmark mixed-use scheme
Platform Roll-Out
Overview
The World Fashion Centre Amsterdam is an 80,000 sqm multi-let, multi-use asset in the city centre of Amsterdam with planning approval to add 38,000 sqm.
Platform
Year
2025
Asset type
Mixed Use
Location
Amsterdam, The Netherlands
Investment Highlights
- Attractive risk adjusted return
- 50-65% LTV junior loan at a 20% total return, with a 17% fixed rate coupon
- 3-year make whole
- Institutional, high-quality sponsorship
- Central Amsterdam location with excellent connectivity
Achievements
- All 4 quarterly interest payments to date made on time and in full without drawdown of the interest reserve
- Outline planning approval secured to increase the scheme to 140,000 sqm, for additional 38,000 sqm of residential and office space
ESG
- Capex facility provided to enhance overall ESG profile of the asset
Portfolio
