Horsham, West Sussex
Case Studies
Location: Horsham, West Sussex
Asset Class: Multi-let Retail
Loan Type: 5 Year Term Loan
Loan Size: £17M
Year: 2022
spaceTown centre shopping precinct comprising c. 250,000 sq. ft. of accommodation configured as 58 retail units, 4 office suites and a 900-space multi-storey carpark. The scheme is anchored by Next, Boots, Marks & Spencer and Wilko.
The client had acquired the shopping precinct with a view to implementing an asset management programme to let up vacant accommodation and drive the NOI, following which, WR Capital was instructed to refinance the property with a 5-year term loan. The £17M loan facility was provided by an overseas bank.
