A cross firm team has advised Lincoln MGT on securing an £115 million senior debt facility to refinance the One Station Hill office development in Reading.
The three year loan has been provided by Fiera Real Estate, through its real estate debt strategies platform. The facility refinances an existing development loan and provides additional capital to support the final phase of leasing at the scheme.
One Station Hill is a 15 storey, 280,000 sq ft office building located within the wider 6.5 acre Station Hill Estate. The office completed in April 2025 and is now 70% let, with five occupiers secured across ten floors. Recent transactions have achieved rents of £55 per sq ft, setting a new benchmark for the Reading market. The development also includes 9,500 sq ft of fully let retail space.
The office building has achieved EPC A, BREEAM Outstanding, WELL Platinum and NABERS 4.5‑star ratings, and was awarded the British Council for Offices National Award for Best Commercial Workspace in 2025.
Real Estate Finance Partner Madeleine Clark led the financing of the deal assisted by Ash-I Knowles, working closely with Lincoln MGT Client Partner Matt Walker and Senior Associate Shan Claxton on the real estate aspects, Tax Partner Matt Poole and Construction Partner Mark Stephenson.
Commenting on the project, Madeleine Clark said:
"We were pleased to support Lincoln MGT on this refinancing, which reflects the continued strength of One Station Hill as a landmark office development for Reading. Securing this facility provides a strong platform for the final phase of leasing, and it was a pleasure to work alongside Callum Thorneycroft and the wider Lincoln MGT team to bring the transaction to a successful close."
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