Brookland To Advise Citypoint Lenders

Debt advisory firm Brookland Partners has been hired by lenders to the CitypointTower in the City of London to advise on a debt restructuring, Property Week reports. Morgan Stanley Mortgage Servicing has appointed the adviser for £535 million of debt secured against the building.

The property is owned by U.S. private equity firm Beacon Capital Partners, which has hired advisers AgFe and PricewaterhouseCoopers to search for a restructuring solution. Beacon has appointed JonesLang LaSalle and CB Richard Ellis to rent out recently vacated space, formerly occupied by Australian bank Macquarie.

Click here for the story from Property Week.