Brookhouse raises acquisition kitty with Barclays
Barclays Corporate Real Estate in Manchester has agreed a £31m investment loan to Sale-based retail developer Brookhouse Group.
Brookhouse has a portfolio of 1.5m sq ft, with tenants including Tesco, Sainsbury's, DSG, Next, Argos, Focus, JJB, Homebase, Halfords and Comet.
Andrew Gardner, Brookhouse Group finance director, said: "We are constantly seeking to improve the portfolio by strategic acquisitions and intensive asset management, developing key partnerships and constantly looking to add value for the Group and its partners. In Barclays Corporate, we have a new financial partner for the business, with the appetite and headroom for growth going forward."
The deal team at Barclays Corporate Real Estate was led by Matt Jones, business development director and Chris Swarbrick, corporate director. Barclays was represented in the transaction by the Manchester office of DLA; Brookhouse by JMW Solicitors.