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Asset:
Retail – Warehouse Development
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Loan Amount:
£13m
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Year:
2021
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Client:
Private Developer
- Development of regional retail warehouse park close to town centre
- After many years of objections developer obtained planning consent for new scheme to provide 4 retail units plus 2 food pods and electric car charging points totalling 88,821 sqft with 285 car spaces
- Partially pre-let to national multiples
- Despite the challenges of the global pandemic which had had a huge impact on the retail sector we worked with the client to secure a competitively priced development loan with a new lender to the group