Shawbrook has completed a £33m refinance facility through its structured real estate team, supporting a diversified portfolio of 20 commercial assets spread across 19 UK towns.
The transaction marks a new client relationship with an established UK property investor and represents a significant example of Shawbrook's approach to UK commercial property finance for complex, multi-asset portfolios.
The portfolio comprises more than 80 leases across a broad mix of commercial uses. While a limited number of assets sit within sectors such as cinemas and bingo halls, these are offset by the scale of the portfolio and a robust asset management strategy. The borrower has presented a clear business plan supporting both ongoing performance and Shawbrook's long-term exit strategy.
Structured over five years, the facility carries a repayment profile aligned to anticipated cash flows, balancing flexibility with risk discipline.
The investor is a well-capitalised UK property company backed by an experienced sponsor. Asset management is led by Capreon, which oversees more than £1.5bn of European real estate. Capreon's track record across market cycles underpins confidence in the delivery of the portfolio's business plan, including value-enhancing initiatives and planned disposals.
"We are delighted to have partnered with the Shawbrook team on this financing," said Robert Mackenzie-Carmichael, managing director at Capreon.
"Their commercial approach and collaborative mindset stood out. Shawbrook demonstrated a strong understanding of the assets and our business plan, delivering a flexible and well-structured financing solution aligned with our long-term strategy. We look forward to expanding the relationship as we continue to grow and actively manage this and our wider portfolios."
Tirath Singh, relationship director at Shawbrook structured real estate, said the deal reflected the team's ability to manage multiple moving parts simultaneously. "This project highlights our structuring capabilities in coordinating so many moving parts. It demonstrates how we were able to deliver a fully tailored solution that aligned seamlessly with the portfolio's asset management plan," he added.
Shawbrook has said it intends to build on the new relationship, with further opportunities anticipated alongside the borrower, sponsor, and Capreon.
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