A loan secured against a City of London office building mostly rented to WeWork is being sold at a discount.
The lender, Bank of Ireland Group, is seeking bids for a £104 million ($199 million) loan to Hana Alternative Asset Management, the South Korean investment firm that owns No. 1 Poultry, people with knowledge of the process said. It appointed Eastdil Secured to advise on the sale, the people added, asking not to be identified as the process is private.
