AshbyCapital purchased the £217.1m stake in the Fitzrovia-based development from Kaupthing in November 2016, with the other 50% share of ownership held by Aviva Investors.
This was AshbyCapital’s second investment in London’s West End, following its acquisition of The Avenue alongside Exemplar in May 2014.
The new financing has a term of five years at a loan-to-value of around 50%.
Charles-Etienne Lawrence, vice-president of AshbyCapital, said: “Fitzroy Place is an exceptional development with a strong roster of tenants in a prime location at the heart of London’s vibrant West End.
“This financing validates our enthusiasm for this unique mixed-use destination and frees up further capital for us to deploy as we look to take advantage of future real estate opportunities in London and the regions.”
Fitzroy Place is a freehold mixed-use development comprising 221,530 sq ft of office space, along with 19,700 sq ft of retail space and 235 luxury apartments. It is located less than 500m from Tottenham Court Road underground station and the upcoming Elizabeth Line from 2018.
The development currently serves as the new UK head office of cosmetics giant Estee Lauder.