Shawbrook Bank has provided a £9.5 million commercial loan in partnership with P10 Financial Group for the acquisition of a multi-tenanted office building in the Thames Valley.
The facility enabled a Surrey-based investment group to purchase the 95,000 sq ft commercial property. The loan has been structured against open market value, allowing the borrower to implement an asset management strategy focused on improving office quality and enhancing sustainability.
Transaction structure
P10 Financial Group acted as debt adviser on the transaction, structuring the facility and coordinating between professional parties from initial submission through to completion.
James McGregor, director at P10 Financial Group, said: “From the outset, we knew Shawbrook were our first lender of choice to deliver this transaction for our clients. Their pragmatic approach to the client’s plans for the building was key to this deal closing.”
He added that the structure would allow the asset management strategy to be delivered in the first year, with the client aiming to add value to the property.
Office sector activity
Daniel Standing, relationship director at Shawbrook, commented: “This transaction reflects the strong demand we’re seeing for well-located office assets with clear value-add potential.”
Standing noted that the lender worked with P10 Financial Group to tailor the solution around the client’s objectives, providing flexibility to execute their plans.
The transaction adds to recent commercial lending activity in the Thames Valley, where investors continue to target office properties with repositioning potential. The deal structure suggests lenders are willing to support acquisition-led strategies that incorporate capital expenditure for building improvements and sustainability enhancements.
