[vc_row type=”in_container” full_screen_row_position=”middle” column_margin=”default” column_direction=”default” column_direction_tablet=”default” column_direction_phone=”default” scene_position=”center” text_color=”dark” text_align=”left” row_border_radius=”none” row_border_radius_applies=”bg” overlay_strength=”0.3″ gradient_direction=”left_to_right” shape_divider_position=”bottom” bg_image_animation=”none” fullwidth=”true” fullwidth_content=”false” css=”.vc_custom_1511253087767{padding-top: 50px !important;padding-bottom: 50px !important;background: #f0f1f2 url(https://westbrooke.co.za/wp-content/uploads/2017/02/triangle-grey-top-left-600×600.png?id=166) !important;background-position: 0 0 !important;background-repeat: no-repeat !important;}” el_class=”blog-content”][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/12″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”10/12″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][vc_column_text css=”.vc_custom_1593153727727{margin-bottom: 0px !important;}”]Westbrooke Alternative Asset Management UK is pleased to announce the closing of a 12-month senior debt facility with Fides Properties Limited. The Facility was utilised to complete the acquisition of a 28,034 sq. ft freehold retail warehouse, with a c.18.6 year lease to Wickes, located on Botley Road, in Oxford.
Fides Properties forms part of a wider independent, privately owned, boutique multi-family office specializing in Trust, Real Estate and Family Advisory Services. Fides Properties specializes in providing a boutique turn-key service for families and institutions seeking to invest directly in commercial property in the United Kingdom, Switzerland, and Germany.
Westbrooke provided a £6.5m senior debt facility to facilitate the acquisition of the retail property as part of a c.£12m total acquisition consideration, after traditional bank lenders were unable to proceed with funding the transaction due to Covid-19.
Richard Asherson, Principal at Westbrooke UK said, “We are proud to serve as a financing partner to Fides Properties and to assist them in the continued execution of their investment strategy across the UK.”
Fides Properties’ Ilan Kapleus added, “With Westbrooke’s support, we were able to complete this acquisition despite the challenging market environment due to Covid-19.”[/vc_column_text][/vc_column][vc_column column_padding=”no-extra-padding” column_padding_tablet=”inherit” column_padding_phone=”inherit” column_padding_position=”all” background_color_opacity=”1″ background_hover_color_opacity=”1″ column_shadow=”none” column_border_radius=”none” column_link_target=”_self” gradient_direction=”left_to_right” overlay_strength=”0.3″ width=”1/12″ tablet_width_inherit=”default” tablet_text_alignment=”default” phone_text_alignment=”default” column_border_width=”none” column_border_style=”solid” bg_image_animation=”none”][/vc_column][/vc_row]
