Milton Keynes
Case Studies
Location: Milton Keynes
Asset Class: Office-to-Resi Scheme
Loan Type: Commercial Bridge
Loan Size: £11.5M
Year: 2019
spaceOffice building situated above Milton Keynes Central railway station, comprising circa 117,000 sq. ft. of vacant office accommodation.
The client required a short term loan facility to acquire the asset and bridge the time taken to obtain planning consent to convert the office accommodation into residential apartments.
WR Capital arranged a £11.5M, 24 month bridging facility, to part fund purchase of the asset. Prior approval for conversion into 200 apartments was approved in October 2020.
