London:
  • Asset:

    South Plaza, Bristol

  • Loan Amount:

    £13m

  • Year:

    2019

  • Client:

    US Private Equity

  • Our client acquired this 7 storey, 106,600sq ft office building in Bristol in cash in 2019.
  • The building is c.50% occupied by the NHS – our client’s business plan is to comprehensively refurbish the vacant space and deliver back into a supply constrained market.
  • We were instructed to raise an investment loan with a capex tranche to enable our client to undertake the repositioning strategy it had planned.
  • We were able to deliver a competitively priced facility with the leverage and flexibility required with a UK based debt fund.