London's office market is undergoing a phase of redevelopment as landlords and real estate owners acknowledge the importance of addressing sustainability and adapting to new hybrid working patterns.

Welput, the specialist central London office fund managed by BentallGreenOak (BGO), has ambitious plans to construct the UK's largest fully electric building with net zero emissions on a landmark site in Westminster.

To bring this visionary project to life, welput sought financing and turned to JLL's Debt Advisory team to facilitate a loan with a reputable and committed lender.

JLL's Debt Advisory specialists played a pivotal role in securing funding for this impressive project running a targeted process utilising their extensive global network of capital markets sources. Ultimately, Allianz Real Estate* emerged as the chosen lender, committing £200 million to the £400 million development finance facility. Alongside equity investments from three other consortium members, this financial support ensures the realisation of the project.

With a targeted completion date of Q2 2026, this building represents the industry's commitment to a more sustainable future. 

JLL's expertise in facilitating environmentally responsible financing demonstrates the potential for ambitious projects to embrace green practices and positively impact local communities.

Talk to Capital Markets at JLL

*Now PIMCO Prime Real Estate