Provincial Department Store
Overseas Family Office
- An overseas based family office purchased a department store in the Midlands let to a well-known British retailer with a long unexpired lease term.
- A considerable amount of due diligence was undertaken to demonstrate that strong property fundamentals outweighed concerns regarding the tenant covenant.
- A complex ownership structure also presented numerous challenges.
- We delivered a 60% LTV interest only facility, on a 5 year term, at a very competitive margin.