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Refinancing of c.£30 million Scottish portfolio secured by Debt Advisory team

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Colliers Debt Advisory has secured the refinancing of a Scottish portfolio with a gross value of c.£30 million, comprising two student accommodation buildings offering 175 beds, and in excess of 82,000 sq ft of commercial property across a retail park and an industrial unit. Colliers acted on behalf of a private PropCo.


The two student accommodation buildings boast modern fit-outs and best-in-class amenities and are situated in the prime pitch for both the University of Glasgow and University of Edinburgh. The out-of-town retail park provides a good mix of value retail and leisure stores to a wide catchment area, giving rise to  strong footfall and demand for the offering, while the industrial shed accommodates mission-critical operations for the occupier. 

Laurence Richardson, director in the Debt Advisory team at Colliers, comments: “It was a pleasure to advise our client again on its financing requirements on this sixth occasion. With a good income diversity, strong property fundamentals, and excellent locations, the portfolio afforded an attractive risk profile for a senior finance provider, and we pleased to secure highly competitive debt terms for our client.” 

Michael Howard-Johnston, on behalf of the client, adds: “We’re delighted to have refinanced the portfolio on attractive terms and with a new-to-group funding relationship as we embark on the next chapter of growth.  The assistance from Collier’s debt advisory was instrumental, not only at the outset during the credit structuring and tendering phase, but also advising at the latter part of the process with lawyers and valuers to achieve a timely completion of the transaction.”

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Related Experts

Laurence Richardson

Director

Debt Advisory

Jersey

Laurence is a Director at Colliers International in Jersey, where he joined the team in 2016.

He specialises in institutional and corporate debt financing. Working across all parts of the debt stack, and all real estate asset classes, he is passionate about structuring creative credit solutions to further a client’s investment objectives and maximise target returns.

View expert

Rebecca Allen

PR Manager

Marketing & Communications

London - West End

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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