Anchorage Building 1 is refinanced for refurbishment
Building 1 of Anchorage is set to be refurbished this year following refinancing of the building with Santander. This follows the refurbishment of Anchorage building 2 which was completed last year, with Building 1 now set to receive renovations to its ground floor reception, external lobby and with the fourth floor receiving a new staircase and smaller office suites for residents.
With Building 3 & 4 currently undergoing a transformation into the Residence at Anchorage apartments, it seems that the entirety of all four buildings will conclude renovations in early 2021, with Building 1 finishing later this year.
Director of real estate finance at Santander, Graham Yates, has expressed his confidence in the new partnership deal with Canmoor, commenting:
"This is really positive news in the difficult times that we find ourselves in. This new-to-bank deal reinforces Santander's support for the real estate sector, and we look forward to building a long and fruitful relationship."