Ivanhoe, TPG Put Up $415M For London Office Tower

Law360, New York (January 28, 2013, 7:06 PM EST) -- Ivanhoe Cambridge, the real estate arm of a Canadian pension fund, is partnering with a unit of TPG Capital to buy a London office building for £265 million ($415 million), in a complex deal involving commercial mortgage-backed securities, the companies announced Monday

The deal builds on a junior loan TPG had bought last year from the Irish Banking Resolution Corp. and will ultimately fully repay the property's senior bondholders, according to a statement. Ivanhoe, which is a unit of Caisse de depot et placement, will co-manage...
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