Westbrooke Alternative Asset Management UK (‘Westbrooke’) has provided £34m in real estate debt financing across two transactions involving a large portfolio of leasehold pubs in Wales, leased to Marston’s PLC, and a regional office asset in Birmingham. Both deals are testament to Westbrooke’s ability to deliver competitive debt financing solutions within the operating real estate market, across a broad array of sectors, supported by strong cash flows and high-quality agreements.
Westbrooke structured a tailored debt funding solution for the acquisition of Quay Place, regional office asset in Birmingham. The financing was provided by Westbrooke’s flagship private debt fund, Westbrooke Yield Plus, mitigating any execution risk and offering the borrower the flexibility and time needed to negotiate with the vendor.
Commenting on the transaction, Harry Newall, Head of Origination at Westbrooke, stated, “While discussions continue around the future of the regional office market, we remain active in financing assets with a strong underlying purpose, supported by a high historic occupancy level, proven tenant base and long remaining lease terms, alongside a well-structured asset management strategy.”
Additionally, Westbrooke supported Song Capital in the acquisition of a large portfolio of leasehold pubs, leased to Marston’s PLC. This transaction marks the 4th deal concluded alongside Song Capital, underpinning Westbrooke’s commitment to borrower-partnerships and the expansion of its real estate lending portfolio with high-calibre, operational real estate assets across a diverse range of sectors.
Get in touch with our team should you wish to learn more about our real estate debt funding solutions.
