German commercial real estate lender Eurohypo has provided a £90 mln (EUR 107 mln) secured facility to UK REIT Derwent London. The seven-year facility replaces existing facilities and is initially secured against two assets.

Michael Acratopulo, head of Origination at Eurohypo, commented: 'We were very pleased to be able to consolidate our relationship with Derwent London through this transaction. We worked hard, over several months, to craft a facility which provided Derwent operational flexibility that is consistent with their business model. We very much hope that over time we can expand our relationship with Derwent London further.'

Derwent London owns and manages about EUR 2.4 bn of commercial property in central London.