Overview

Bank of China (UK) lends a GBP 2.405 million secured property investment facility to Quadrant Hall Ltd

Commitments (Constant USD, 2023)$3,181,179

Commitment Year•2020Country of Activity•United KingdomDirect Recipient Country of Incorporation•United KingdomOverseas Jurisdiction•United KingdomSector•Business And Other ServicesFlow Type•Loan

Status

Project lifecycle

Completion

Pipeline: PledgePipeline: CommitmentImplementationCompletion

Timeline

Key dates

Commitment date: Jun 8, 2020

Geospatial footprint

Map overview

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This project provides a secured property investment facility to Quadrant Hall Ltd, headquartered at 3 Park Road North, Bedford, England, MK41 7RH. More detailed locational information can be found at https://www.openstreetmap.org/way/107960676.

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 (UK) Limited (BOC UK)

Receiving agencies

Private Sector

Quadrant Hall Ltd.

Collateral providers

Private Sector

Quadrant Hall Ltd.

Loan desecription

Bank of China (UK) lends a GBP 2.405 million secured property investment facility to Quadrant Hall Ltd

Interest type•Unknown

Collateral

Secured over unknown assets under a fixed charge and over the receiving agency's properties and undertakings under a floating charge.

Narrative

Full Description

Project narrative

On June 8, 2020, the Bank of China (UK) (BOC UK), the Bank of China's (BOC) British subsidiary, lent a GBP 2.405 million secured property investment facility to Quadrant Hall Ltd., owner and operator of the 105-bed student accommodation property at The Quadrant serving Coventry University for unknown purposes. The loan was secured over fixed and floating charges and the borrower signed a negative pledge. Other financial details about the loan are currently unknown. Quadrant Hall was put up for sale on August 21, 2021.