Specialist lender Cohort Capital has refinanced a private Middle Eastern bank on a super prime £175 mln (€205 mln) London mansion once described as the UK’s most expensive home.
The 50,000 ft2 (4,645 m2) house on Carlton House Terrace in the St. James’s district of London is close to King Charles III’s residence in Buckingham Palace and sits alongside properties owned by the billionaire Hinduja brothers, Citadel's Ken Griffin, and the Royal Society.
The trophy asset is just one of a handful of properties on the historic street currently being used as a private residence.
Cohort Capital has established a reputation as a lender for luxury residential properties. Its recent transactions include funding the purchase of a £120 mln property in Regents Park.
Bal Sohal, executive director of Cohort Capital said: 'The prestigious Carlton House Terrace address is one of the most sought-after in the capital, putting its owners just down the road from Buckingham Palace and next to some of the UK’s wealthiest residents.
'Cohort Capital has once again proved its mettle in completing complex lending deals for the country’s most iconic residential properties. The sector is one with significant growth potential and remains well insulated from wider economic headwinds.'
Cohort Capital's lending catalogue to date includes £3.7 bn loaned within the challenger bank space, £2.2 bn residential and commercial real estate developed across the UK and £1 bn advised on real estate senior and mezzanine debt.