Bruntwood secures £300m refinance

The Manchester-based property company has agreed a five-year £300m funding facility with the Royal Bank of Scotland, Barclays, Santander and HSBC.

Bruntwood employs around 500 people, and is active in Manchester, Liverpool, Leeds and Birmingham.

The family-owned company is the majority shareholder in Manchester Science Partnerships, which bought the 400-acre Alderley Park in Cheshire earlier this year and is involved in a series of developments along the Oxford Road corridor in Manchester.

Bruntwood has refinanced £600m of facilities in the last two years.

All banks in the deal were joint lead arrangers, lenders and hedge providers and RBS also acted as co-ordinator, agent and security trustee.

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