Spencer Holdings secures £200m funding from BoS

  Industrial park owner Spencer Holdings has secured £200 million worth of funding from Bank of Scotland’s Real Estate to target new opportunities.   Knowsley-based Spencer Holdings plans to grow its estate from 4m sq ft to 6m sq ft and says it has  identified several key acquisition targets and development projects, which are set to come to fruition over the next two years.      Jim Spencer, Chairman of Spencer Holdings Plc, comments: “We have worked ‘hand in hand’ with Bank of Scotland in Liverpool for a number of years, during which time it has played an instrumental role in strengthening Spencer Holding’s presence in the highly competitive commercial property market.   “We now have sufficient resources to complete our strategic investment programme and will continue to focus on offering quality properties, on flexible terms, in prime locations at highly competitive rents.”   Gordon Clements, Director of Real Estate at Bank of Scotland Corporate in Liverpool, said, “The performance of Spencer Holding’s existing portfolio and its well-structured growth strategy clearly demonstrate its ability to achieve its 50 per cent growth target.    “We are delighted to be supporting such an ambitious business with exciting and innovative plans.”   Spencer Holdings manages and owns multi-tenanted industrial and commercial estates in a wide variety of activities including manufacturing, warehousing, trade counters and business parks with a UK portfolio of more than 800 tenants.   neil.jones@egi.co.uk