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Overview

Bank of China contributes to a £750 million GBP syndicated loan to refinance The Langham Estate (Linked to Record ID#92060)

Commitments (Constant USD, 2023)$98,973,562
Commitment Year•2019Country of Activity•United KingdomDirect Recipient Country of Incorporation•GuernseySector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Pipeline: Commitment

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Jan 1, 2019

Geospatial footprint

Map overview

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This project provided a loan to refinance The Langham Estate, which is comprised of several properties and buildings totaling 13.8 acres stretching from Oxford Street to the South and Euston Road to the North in West End, London. The Langham Estate is headquartered at London House, 9A Margaret Street, London, W1W 8RJ, UK. More detailed locational information can be found at: https://www.openstreetmap.org/way/654112052

Stakeholders

Organizations involved in projects and activities supported by financial and in-kind transfers from Chinese government and state-owned entities

Ultimate beneficial owners

At least 25% host country ownership

Funding agencies

State-owned Commercial Banks

  • Bank of China (BOC)

Cofinancing agencies

Private Sector

  • Banco Santander, S.A. (Santander Group) (formerly Banco Santander Central Hispano, S.A.)
  • Barclays Bank PLC
  • Crédit Agricole Corporate and Investment Bank (CACIB) (Crédit Agricole CIB) (Formerly Calyon) (Formerly Crédit Agricole Indosuez (CAI))
  • HSBC Bank PLC
  • Sumitomo Mitsui Banking Corporation (SMBC)
  • Sumitomo Mitsui Trust Bank, Limited (SMTB)

State-owned Banks

  • Landesbank Hessen-Thüringen (Helaba)
  • National Westminster Bank Plc (NatWest)

State-owned Commercial Banks

  • Industrial and Commercial Bank of China (ICBC)

Receiving agencies

Private Sector

  • Mount Eden Land Limited

Loan desecription

ICBC and BOC contribution to £750 million GBP syndicated loan to refinance The Langham Estate

Interest type•Unknown

Narrative

Full Description

Project narrative

In 2019, a syndicate of 10 banks — including the Industrial and Commercial Bank of China (ICBC) and the Bank of China (BOC) — provided a £750 million GBP loan to refinance The Langham Estate. In addition to ICBC and BOC, the following institutions participated in this syndicated loan: HSBC, National Westminster Bank Plc (NatWest), Landesbank Hessen-Thüringen (Helaba), Barclays, Crédit Agricole Corporate and Investment Bank (CACIB), Sumitomo Mitsui Trust Bank, Limited (SMTB), Sumitomo Mitsui Banking Corporation Group (SMBC), and Banco Santander, S.A. (Santander Group). Record ID#92060 captures ICBC's estimated contribution. Record ID#92061 captures BOC’s estimated contribution. The Langham Estate is comprised a number of properties and buildings totaling of 13.8 acres stretching from Oxford Street to the South and Euston Road to the North in West End, London. The Langham Estate is managed by Langham Estate Management Ltd., which rents out offices, showrooms, and retail spaces of the estate to various tenants.

Staff comments

1. The individual contributions of 10 banks to this £750 million GBP syndicated loan are unknown. For the time being, AidData has estimated the contribution of ICBC by assuming that each lender contributed an equal amount (£75,000,000 GBP) to the loan syndicate. 2. The borrower is unknown. For now, AidData has assumed that Guernsey-based company Mount Eden Land Limited, the owner of The Langham Estate, was the recipient of this loan.