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Long term future secured for UK portfolio following £168 million debt financing

11 02 20 debt advisory 22
By Ben Thomason and Rebecca Allen

Scottish Widows provides loan against portfolio of 52 properties.


Colliers International has secured £168 million of debt financing over a term of 15 years from Scottish Widows. The loan has been used to refinance a portfolio of 52 office and industrial properties located across England, Scotland and Wales.

The debt advisory team at Colliers secured financing on behalf of a private client on properties that amount to more than 300 different tenants. The £168 million loan is a refinance of existing debt allowing the client to secure an all-in rate of funds below 250bps with shallow amortisation.

Ben Thomason, director in the Colliers debt advisory team who led the transaction, commented: “Securing this debt for our client will unlock the long-term potential of its portfolio, which is both well let and in a range of strong regional locations. Pairing up our clients with the right solution is always a satisfying result and being able to secure the financing for this next chapter is a rewarding outcome.”

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Ben Thomason | Colliers | Jersey

Ben Thomason

Head of Debt Advisory - EMEA

Jersey

+44 20 7344 6550
+44 7829 838787
Email

As Head of Debt Advisory, Ben is responsible for advising Colliers UK and European Clients on Real Estate debt facilities that delivers enhanced returns, more efficient structures and a greater connectivity to the financial markets.

With 20 years’ experience within the Structured Finance & Real Estate Banking sector, Ben established ALC in 2013, a specialist Real Estate Debt Advisory business, the team then joined Colliers in 2018.  He previously worked for Standard Chartered, National Australia Bank and RBS in various Real Estate roles.

Ben has extensive experience in the arrangement and monitoring of Real Estate credit structures across the capital stack and asset classes.  This includes senior, whole and mezz loans, with facilities arranged from several million to several hundred million.

The team work with over 240 global credit funders, from banks to debt funds to opportunistic Family Offices.  As a single point of contact, Ben and his team are able to reduce execution risk, improve clients IRR and Cash on Cash Yields whilst striving to deliver an outstanding client experience.

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Rebecca Allen | Colliers | London - West End

Rebecca Allen

Associate Director

London - West End

+44 20 7344 6846
+44 7724 815883
Email

I have been working in commercial property communications for over 10 years  having previously worked at CBRE and Savills.

In my role at Colliers I am responsible for the PR of National Capital Markets, London Offices and Investment Property  Management teams as well as Scotland.

My role includes:

  • Creating and exectuing PR plans for business lines that span press, marketing and digital channels
  • Media monitoring and reporting
  • Advising on brand, tone of voice and profile raising 
  • Journalist relationship building through face to face meetings, phone calls day to day assistance with stories
  • Reputation management of the Colliers brand

 

 

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