Investec Bank plc has announced that its Real Estate team has provided Westbrook Partners, the real estate investment management company, with a £16.7m loan to finance the acquisition of the Merchant Trade Portfolio.
The 269,000ft² 53-unit portfolio comprises three multi-let industrial assets located in Liverpool, Kettering and Sunderland.
All three assets are located adjacent to major arterial roads that connect to the UK’s wider motorway network, providing tenants with access to their local and national customer base.
Vice president at Westbrook Partners Manraj Padda said: “We are delighted to close on this financing with the Investec team, who along with our respective advisors, worked exceptionally well to execute this transaction in a timely manner.
“Speed and flexibility are key for us as we continue our drive into strategically located multi-let industrial assets in the UK.”
