Investec has provided a £8.5m facility to a joint venture between Beltane Asset Management and Chenavari for an office in Guildford, Surrey.
The facility will refinance an existing loan secured against the newly developed six-storey office totalling 45,737 sq ft.
The cash will also support the jv’s discussions with potential tenants for the office space. A lease has been secured with Co-op Foods for the retail space.
Matthew Robinson of Investec said: “This loan is in line with our strategy of funding high-quality office schemes located in strong regional hubs and commuter towns, which are set to be increasingly attractive to a range of occupiers as office requirements evolve as a result of the Covid-19 pandemic.”
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