Cathedral Square

CIM Group Expands Real Estate Credit Business to Europe

Retrieved on: 
Tuesday, March 14, 2023
Residential Building & Real Estate, Commercial Building & Real Estate, Construction & Property, REIT, Acquisition, Principal, Entrepreneurship, Cathedral Square, Intellectual property, CIM Group, CIM, Bank

CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that it has expanded its approximately $10 billion Real Estate Debt Solutions platform to Europe, with initial plans to originate primarily whole loans on transitional assets as well as core mezzanine loans across the U.K. and key Western European countries.

Key Points: 
  • CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that it has expanded its approximately $10 billion Real Estate Debt Solutions platform to Europe, with initial plans to originate primarily whole loans on transitional assets as well as core mezzanine loans across the U.K. and key Western European countries.
  • The firm is currently adding to its local credit team, which will be supported by more than 30 credit professionals based in the U.S.
  • The European Real Estate Debt Solutions business is a natural extension of CIM Group’s successful U.S.-based debt solutions business, which provided more than $3.8 billion in commercial real estate loans last year.
  • “CIM Group’s vertically-integrated platform with experience across market cycles gives us an advantage as we enter the European private real estate credit market and allocate existing capital from our $10 billion lending platform,” said Richard Ressler, Co-Founder and Principal of CIM Group.

CIM Group Begins Final Phase of Renovations at Cathedral Square Office Campus in Guildford

Retrieved on: 
Monday, January 9, 2023
Commercial Building & Real Estate, Construction & Property, Classification, EV, Cathedral, CIM Group, Entrepreneurship, University, University of Surrey, Cathedral Square, BREEAM, Heathrow Airport, EPC, Intellectual property, Recreation, A3, Self storage, Warehouse, Guildford

CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that it has begun the final phase of its campus upgrade and improvements program that includes the comprehensive renovation of Building 3000 at Cathedral Square, a three-building office campus in Guildford, United Kingdom.

Key Points: 
  • CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that it has begun the final phase of its campus upgrade and improvements program that includes the comprehensive renovation of Building 3000 at Cathedral Square, a three-building office campus in Guildford, United Kingdom.
  • The building will also include a significant focus on outdoor amenities, such as green landscaping, a balcony, and an expansive rooftop terrace—the only office building in Guildford with rooftop access.
  • “CIM Group is committed to delivering a best-in-class building at Cathedral Square.
  • Cathedral Square is also situated near the area’s shopping and dining districts as well as the city’s numerous leisure and recreation options.

U.S.-Based CIM Group Enters UK Real Estate Market with Acquisition of Cathedral Square, a Three-Building Office Campus in Guildford

Retrieved on: 
Tuesday, October 26, 2021
REIT, Finance, Professional Services, Commercial Building & Real Estate, Construction & Property, Science, Sport, Savills, Technology, University, CIM, BREEAM, University of Surrey, ESG, A3, EV, Cathedral Square, Health, Acquisition, Intellectual property, Recreation, Heathrow Airport, Ownership, CIM Group, Square

CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that it has acquired Cathedral Square, a three-building office campus in Guildford, United Kingdom.

Key Points: 
  • CIM Group, a community-focused real estate and infrastructure owner, operator, lender and developer, announced today that it has acquired Cathedral Square, a three-building office campus in Guildford, United Kingdom.
  • The acquisition marks the US-based companys first transaction in the Western European market as part of its Value-Add Strategy in Europe.
  • With this UK acquisition, CIM Group is launching its value-add strategy in Western Europe utilizing our community-focused approach that is a hallmark of the company.
  • We identified the UK as a target market to expand our commercial real estate ownership and property operations after an extensive evaluation of metropolitan commercial real estate markets in Western European countries.