Skip to content
AidData logo

Overview

Bank of China provides a £140 million GBP loan for the acquisition of Building 7 at Chiswick Park

Commitments (Constant USD, 2023)$185,182,994
Commitment Year•2020Country of Activity•United KingdomDirect Recipient Country of Incorporation•UnknownSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date
Feb 1, 2020
Start (actual)
Mar 31, 2020
End (actual)
Mar 31, 2020

Geospatial footprint

Map overview

Visualizes the AidData-provided feature geometry for this project.

Loading map…

This loan supported the acquisition of Building 7 in Chiswick Park, West London. The exact address is: Building 7, Chiswick Park, 566 Chiswick High Rd., Chiswick, London W4 5YG, United Kingdom. More detailed locational information can be found at https://www.openstreetmap.org/way/24265538

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)

Receiving agencies

Private Sector

  • Unspecified Joint Venture (Building 7 at Chiswick Park)

Loan desecription

Bank of China provides a £140 million GBP loan for the acquisition of Building 7 at Chiswick Park

Interest type•Unknown

Narrative

Full Description

Project narrative

In February 2020, the Bank of China (BOC) issued a £140 million GBP loan to an unspecified borrower in support of the £312,000,000 GBP acquisition of Building 7 at Chiswick Park in West London by developer Stanhope PLC and Asian investor Lekker Til LP. Stanhope was the original developer of the park and Building 7, which it later sold in 2011 to Blackstone. Building 7 has a lettable area of 333,984,000 square feet. Its tenants include include flexible offices group VentureX, Pernod Ricard, and Danone. The acquisition was completed during the third quarter of 2020.

Staff comments

1. AidData has assumed the borrower was a joint venture of Stanhope and Lekker. This issue merits further investigation.