Greater London
Case Studies
Location: Greater London
Asset Class: Multi-let Retail
Loan Type: Acquisition Finance
Loan Size: £21M
Year: 2021
spaceNorth London shopping centre comprising 115,000 sq. ft. of retail accommodation and an 80,000 sq. ft. multi-storey carpark. Multi-let to 30+ tenants, including a Waitrose supermarket.
Shopping centres have been difficult to finance due to a general decline in demand for retail accommodation and the Covid-19 pandemic, however, lenders still have an appetite to lend against well located, convenience focused schemes, let to a strong tenant profile.
The client required a short-term loan facility to acquire the property within a short timescale. WR Capital arranged a £21M loan facility on a 12-month loan term.
