aldermore bank

Yorkshire family investment office secures seven-figure commercial loan from Aldermore

Aldermore Bank has provided a seven-figure loan to privately-owned family investment office Real Estate Investment Group 1 to enable it to further grow its commercial property portfolio in Yorkshire.

The loan will be used by the firm for the acquisition of two prime retail units on Division Street, Sheffield, which are let as a Sainsbury’s Local and an independent coffee chain called 200 Degrees Coffee.

This is the fourth facility the client has secured from Aldermore for commercial investment property purchases in the last 12 months.

The privately-owned family investment office was established in June 2020 by Harpreet Banwait, who is also the managing director of Banwait Group Holdings.

Graham Ritchie, head of commercial mortgages north at Aldermore Bank (pictured above), said: “It’s been a pleasure to work with Harpreet again, as he further expands his already established commercial property portfolio across Yorkshire. 

“He has extensive real estate investment experience and our expertise and knowledge in the region meant we were able to work closely with him to provide the funding solution he needed to expand his commercial property portfolio.

“This is another great example of a client continuing to return to Aldermore for investment support and demonstrates the value placed on developing strong relationships.” 

Harpreet added : “Aldermore’s funding has continued to support our growth plans in an ongoing challenging economic environment. 

“We look forward to growing this partnership as we work towards exceeding our first major milestone of £100m in assets under ownership within the next two years. 

“Real Estate Investments Group 1 is committed to donating a percentage of its profit to support local, regional, national and international causes and charities through its Making an Impact Fund.”

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