SHC Capital has partnered with Ortus Secured Finance to arrange finance for the purchase and refurbishment of a Grade A London office building as part of a £20m gross-development-value (GDV) scheme.
The building features 100,000 sq ft of space, spread across seven storeys, and occupies a prime site just minutes from a mainline rail and Elizabeth Line station.
With the building partially let and a detailed refurbishment plan in place, the transaction required careful structuring and fast, and accurate completion.
Tony Tadros, director at SHC Capital, said: “This deal will be the catalyst for an exciting refurbishment of a prime office asset, and it was a pleasure to work once again with Ortus’s highly experienced team on it.
“Ortus showed themselves to be agile and able at every step of the way, working with focus and precision to meet a very tight deadline.
“Offices as an asset class faced challenges during the Covid years, but we are seeing a notable recovery for the right types of office. There is increasingly attractive funding available for the right opportunities, backed by the right team.”
Jamie Russell, commercial director at Ortus Secured Finance, added: “This was a sophisticated transaction that required intelligent, collaborative structuring for a first-class sponsor.
“We have delivered many transactions with Tony and the SHC team over the years, and once again their thoroughness and reliability helped all parties to close the deal rapidly and successfully.
“As part of Kvika Bank, the ability to lend at the top end of the SME range with balance sheet capability is something that allows us to have full control of the deal.”
