Spanish RCF
Spanish RCF
On behalf of an institutional investor focussed on the living sector, Westfort Advisors has arranged a 3-year Revolving Credit Facility with a Spanish bank to fund a capex program on an existing portfolio and support capex on future acquisitions.
The initial funding will focus on the refurbishment of a 40-unit residential scheme in Barcelona.
Self-Storage Refinancing
Self-Storage Refinancing
On behalf of an UK self-storage business, Westfort Advisors has arranged a £62m refinancing.
The client had two distinct portfolios (core and core-plus), each with separate ownership structures.
The core portfolio was financed by a Debt Fund who provided a £37m facility, and the core-plus portfolio was financed by an International Bank who provided a £25m facility.
Self-storage continues to demonstrate its operational resilience and attractiveness as a growth sector. Westfort’s experience in the sector now exceeds £125m.
UK logistics
UK logistics
We are pleased to announce that Westfort advised Kuwait Financial Centre – Markaz and Delin Property, on the acquisition and capex financing of a 197,000 square-foot distribution warehouse in Royal Tunbridge Wells.
The property, which is considered the town’s premier logistics hub, will undergo a refurbishment programme targeting EPC B accreditation, reflecting a total investment of around £27m.
Many congratulations to all involved – notably, Lisa Marie Amin, MBA, Raffi Killian, Duncan Jarvis MRICS and Diego Garrido, who sourced the opportunity and will oversee the refurbishment programme.
We would also like to thank the BLME team, notably Jahid Miah, Khaled Alanani and Mamoon Rahim for their pragmatism and commitment to close the transaction against a challenging timeline.