Beltane Asset Managemetn
Investec backs regional office market with £8.5m investment loan for Grade-A Guildford office. Affluent commuter belt town an increasingly desirable creative and tech hub.
The six storey, 45,737 sq ft property, which includes a ground floor retail offering, presents an attractive leasing opportunity. Designed to meet high standards of sustainability, it’s been extended by two floors and offers 47 parking spaces with an additional undercroft car park. With a landscaped communal garden, the building will offer a real sense of community with employee wellbeing at its centre.
The facility will support the JV as it advances discussions with potential tenants for the office space. An agreement for lease has been secured with Co-op Foods for the entire retail premise.
We continue to back best-in-class asset managers who have a proven track record of extracting maximum value from repositioning real estate. This loan is in line with our strategy of funding high quality office schemes located in strong regional hubs and commuter towns, which are set to be increasingly attractive to a range of occupiers as office requirements evolve as a result of the Covid-19 pandemic.