Cambridgeshire

We successfully arranged a £3.6 million commercial refurbishment facility with a specialist lender to support the redevelopment of a commercial site within the Cambridge innovation corridor.

The funding facility will enable the refurbishment and repositioning of an existing commercial asset into high-specification office and Med-Tech accommodation, targeting the continued demand for innovation-led workspace across the South Cambridgeshire market.

The scheme comprises the redevelopment of an existing office and light-industrial building into approximately 20,000 sq ft of modern office and Med-Tech accommodation, designed to meet institutional-grade ESG and occupier requirements. Future planned improvements include over-cladding works, upgraded thermal performance, fully electric services infrastructure and a target BREEAM “Excellent” rating.

Marios Theophanous, credit manager, said: “It also demonstrates what can be achieved when lenders and brokers work closely together.

“By collaborating from the outset, we were able to understand the asset, the borrower’s plan and exit strategy, and then to structure a funding solution that gave the client the confidence to move the project forward.”

See press release here.