Westbrooke Alternative Asset Management UK has provided £16 million in debt financing to Oxygen Asset Management for the acquisition and refurbishment of office properties in Central London and Leatherhead.

Information on the Target

Westbrooke Alternative Asset Management UK has successfully provided £16 million in debt financing for two office assets located in Central London and Surrey. The funding facilitates a strategic acquisition and refurbishment initiative helmed by Oxygen Asset Management.

The primary focus of this financing is the office property at 11 Leadenhall Street, a notable 15,117 square foot asset situated in the City of London. Oxygen Asset Management aims to execute a comprehensive refurbishment of the property’s common areas and enhance approximately 2,000 square feet of office floorplates, thereby increasing its market appeal.

Industry Overview in the Target's Specific Country

The commercial real estate market in the UK, particularly in Central London, is demonstrating a significant shift towards flexible office spaces. Recent