It is the third financing deal Hermes IM has provided the joint venture, following the financing of two central London properties, 145 Oxford St and Dover St, last year.
The loan is made up of an acquisition tranche and capex tranche to support the refurbishment and leasing plans of the joint venture.
Hermes IM has now invested £360 million in the UK real estate senior debt market across 14 loans.
Vincent Nobel, head of real estate debt at Hermes IM, said: “Providing funding for Thor Equities and Chenavari Investment Managers, to help support the refurbishment and leasing plans for 147-155 Wardour Street, will allow the joint venture to continue its strong European growth story.”
He added: “Their recent record of accomplishment for projects of this nature and our experience of working with them on the 145 Oxford Street and Dover Street transactions, gives us great confidence in their ability to transform this asset.”
“The loan structure fits nicely within our revised lending mandate, allowing us to invest anywhere within the real estate capital structure.”
Sam Mellor, partner at Chenavari IM, said: “151 Wardour Street is an exciting opportunity and is in line with Chenavari’s investment strategy which focuses on targeting value add propositions in core locations across the UK and Europe.”