Chancerygate has completed a £11.7m refinancing with Santander Corporate Banking for its Roundstone fund, asset managed on behalf of The Peter Harrison 1997 Settlement.
The fund, valued in excess of £21m of mixed use commercial property throughout the UK, is held for the income it provides to its investors and includes the recent successful lettings by Chancerygate’s asset management team to Wilkinson’s in Crawley and Tesco in Twyford.
Chancerygate is a privately-owned development and investment company founded in 1996 by Andrew Johnson. Its asset-management business has more than £230m of property under management.
Chancerygate chairman, Andrew Johnson, said: “This is the first time we have worked with Santander and we found its team understood the key drivers of this fund aligned with the requirements of its investors.
“To have a supportive banking partner in this economic climate is important and Chancerygate looks forward to further strengthening its relationship with Santander in the future”.
Santander relationship director, Ian Ward, said: “We have been delighted to have been able to provide the finance for this deal.
“Santander is committed to building long-term partnerships with strong businesses and this marks the important first step in cementing this kind of relationship with Chancerygate.
“We look forward to working with them in the future.”
Legal firm Taylor Wessing advised Santander; Freeth Cartwright acted on behalf of the fund.
Bridget.O’Connell@estatesgazette.com
