Arc & Co

Arc & Co and InterBay close £11.5m deal for mixed-use office space in London

Arc & Co has completed a £11.5m loan with InterBay for a mixed-use office space in Lambeth, south London.

The property — which was the main factory for JA Sharwood & Co — consists of 16 media offices with a canteen, auditorium and studio space.

The loan was used by the borrower to release equity to cover the costs incurred from the installation of solar panels and a water harvesting system in order to improve the environmental standards of the building.

The facility was provided at 87% against vacant possession value and 71% against investment value on a 10-year term, with a fixed rate for the first three years.

Matthew Yassin, director for structured finance at Arc & Co (pictured above), said: “It’s extremely satisfying to be able to provide liquidity to support this ESG initiative, which has now become much more mainstream, as people are becoming more aware of the environmental impact that property has on its surroundings.”

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