Tetra Real Estate has reshaped its portfolio in a £17m deal with NatWest.
The transaction will see Tetra consolidate assets from its sister company Waterloo Capital and refinance the portfolio to accelerate the strategic growth of the business.
This move brings Tetra’s portfolio, which now includes industrial units at Albion Industrial Estate in Coventry, West Midlands, and as well as Bermuda Industrial Estate and Attleborough Fields Industrial Estate both in Nuneaton, Warwickshire, to more than £60m and unlocks additional capital for growth.
Tetra Real Estate and Waterloo Capital were created three months ago as part of the strategic reorganisation of Wigley Group. Alongside Tetra Real Estate, the restructure has also formed Wigley Investment Holdings.
Chris Parsons, managing director at Tetra and Waterloo Capital, said: “By consolidating and refinancing our portfolio we can accelerate our growth plans following the strategic reorganisation of the business.
“The strength and growth of the portfolio over the past 17 years is what has enabled us to secure the additional capital which will underpin our ambition.”
James Davies, chief executive at Wigley Investment Holdings, said: “We see a strong 2025 in terms of increasing our portfolio, and we need to be fully prepared to react to the market.”
JG Poole & Co acted on behalf of Tetra and Waterloo Capital, while Browne Jacobson acted on behalf of NatWest.
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