LONDON—Wells Fargo & Company has provided around $363 million (£220 million) in financing for Threadneedle Investments, a leading international investment manager, to help refinance all three existing loan facilities within its Strategic Property Fund IV. The Fund consists of 19 commercial real estate assets located across the UK, including retail warehousing, office and industrial properties, and a portfolio of approximately 120 retail bank branches.

“Wells Fargo is delighted to continue our relationship with Threadneedle through the refinancing of the Strategic Property Fund IV,” said Richard Craddock, a director in Wells Fargo's UK Commercial Real Estate team. “We have worked with Threadneedle and its US parent company, Ameriprise Financial, for many years now and this was an opportunity to continue our support for this Fund as we look to continue growing our commercial real estate business in the UK.”

The UK Commercial Real Estate team initially provided financing for two of the three existing loans within the Fund at its inception in 2009. Wells Fargo acquired the loans when it took over the Eurohypo UK platform and loan book. The term of the refinancing is intended to match the closed-ended Fund's life and thus will enable Threadneedle to maximize returns to investors as it continues to assess its asset management strategy for the portfolio.