Arc & Co has arranged a new €12.14m million loan from Ortus Secured Finance to facilitate the acquisition of a light industrial scheme in London.
When complete, the development will provide c. 2,700m2 of industrial space across a c. 9,300m2 site with work expected to finish in the second half of 2024. The borrower is planning to lease and hold the completed asset while it advances a significant residential-led scheme in the area, which is part of a broader master plan.
“We are delighted to have worked with Arc & Co to provide the financing for the client,” said Jon Salisbury, Managing Director at Ortus Secured Finance. “The successful financing of this deal is a testament to our team’s ability to navigate complex financing structures and working with Arc & Co, with their impressive track record in introducing high-quality clients, always makes the deal more straightforward. This project is a significant development for the area, and we are confident it will boost the local economy. We are proud to be supporting this project and helping make it to fruition.”
Ed Horn-Smith, managing director at Arc & Co. said: “Both the borrower and Ortus have considerable experience in this sector, and as such it has been a great experience to work with them on this facility. We look forward to seeing this exciting project progress.”
