Commercial and Offices: London Castleforge Secures £115 Million Loan to Transform Office Building in London’s Square Mile October 25th, 2024 Deividas Krupstas Real estate investment firm Castleforge has secured a significant £115 million loan to support the redevelopment of 1 Golden Lane, an iconic Grade II listed office building in London’s Square Mile. This substantial financial backing will enable Castleforge to proceed with its ambitious vision for the property, reaffirming its commitment to redefining modern workplaces with an emphasis on sustainability and adaptability.The redevelopment project, which has already received planning approval from the City of London, will transform the historic 1 Golden Lane into a state-of-the-art, sustainable office space. Upon completion, the building will offer approximately 115,000 square feet of prime office accommodation in the heart of London’s financial district. This transformation aligns with Castleforge’s research-driven investment strategy, which focuses on enhancing properties through operational improvement and value-driven development.The loan was provided by Cheyne Capital Management and Apollo Global Management, who collaborated to support Castleforge in advancing this flagship project. Their confidence underscores the lasting demand for high-quality office space in London’s business core, even amidst shifts in the commercial real estate market.
