Daniel O'Brien

Canada Life Asset Management

We have advised Canada Life Asset Management on a GBP148 million loan to LXi REIT plc. With this loan LXi REIT will refinance a mixed-use, UK regional portfolio of commercial property assets, typically let on inflation-linked, long-term leases, providing a diversified, secure income profile, on behalf of Canada Life’s annuity business.

MiNA Therapeutics on lease at Innovation Hub at White City Campus, London.

MiNA Therapeutics Limited on its lease of research and development laboratories at The Translation and Innovation Hub, Imperial College, White City Campus, London.

Deutsche Bank Commercial Real Estate Group on its first SONIA loan

Deutsche Bank Commercial Real Estate Group on its first Sterling Over Night Index Average (SONIA) benchmark based loan. This marks not only Deutsche Bank's first alternative rate loan, but also one of the first adoptions of a loan referencing an average of overnight SONIA in the entire market. The benchmark was used an alternative to London Inter-Bank Offered Rate (LIBOR). The loan references a compounded average of SONIA set in arrears with a five business day lag.