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Asset:
South Plaza, Bristol
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Loan Amount:
£13m
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Year:
2019
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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.
