MetLife, Inc. (NYSE: MET) and Laxfield Capital Ltd. announced today the completion of a 54.5 million pounds ($83.1 million) senior debt financing package for a subsidiary of CLS Holdings plc.

MetLife provided the real estate financing loan, which was arranged by Laxfield Capital, a specialist commercial mortgage investment manager in the United Kingdom.

The loan is secured against Spring Mews, a recently completed mixed-use estate, close to Vauxhall Station and located within Nine Elms in the South Bank Business Improvement District. It comprises a 93-bed suite hotel, office units, and 378 en-suite student bedrooms with associated common facilities, including a pool, gym and courtyard amenity space.

Adam Slater, managing director for Laxfield, said: “We are very pleased to be working again with CLS and MetLife, both of whom are long standing clients. This high quality property was an ideal transaction to cement further our relationship with MetLife, having arranged ten transactions since 2010 worth over 870 million pounds ($1.4 billion).”

“This deal is a first in the United Kingdom for MetLife and CLS,” said Gary Waistnidge, director of real estate for MetLife in the United Kingdom. “MetLife is committed to establishing and growing strong relationships with top-tier real estate owners of core assets. We are delighted to work with CLS.”

Real estate investments, including commercial mortgage loans, are an important part of MetLife’s asset-liability matching program. These long-term investments are designed to provide a good match for the long-term liabilities the company writes.

About MetLife 
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit

About CLS Holdings plc 
CLS is a FTSE 250 property investment company with a 1.4 billion pounds portfolio in the UK, Germany, France and Sweden offering geographical diversification with local presence and knowledge. For more information, visit

About Laxfield Capital Ltd 
Laxfield Capital is a commercial mortgage origination, investment management and advisory business. Laxfield Capital currently manages 1.1 billion pounds of commercial mortgage assets on behalf of global institutional investors, including life companies, banks and a sovereign wealth fund.

Founded in 2008 to capitalise on the growing international appetite for UK commercial mortgage investments, Laxfield Capital provides a comprehensive range of services, including Origination, Investment Selection, Execution, Syndication, Investment Management and Strategic Advisory.

More information is at


Laxfield Capital
Adam Slater / Emma Huepfl