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Shawbrook completes £29.6m structured real estate loan for Salford MediaCity transformation




Shawbrook has completed a £29.6m combined bridge and investment structured real estate loan to support the transformation of office spaces into 151 residential units in Salford’s MediaCity.

The deal was completed in six weeks, with the bridge and investment loans being combined into one, due to the asset not being stabilised.

For the deal, Shawbrook created a hybrid structure, offering a five-year facility.

Addi Spiers and the team from Addleshaw Goddard acted as the lender’s legal counsel alongside Miles Hunter at Colliers for valuations and Michael Hulme along with Edward Register from Solutus Advisors as facility and security agent.


Commenting on the deal Robert Kleinman, CFO at Brotherton Real Estate, said: “Shawbrook’s expertise was instrumental in delivering this bespoke solution. Despite the complexities, the team worked closely with us to design a facility that not only addressed the client’s immediate needs but also provided flexibility for future refinancing options.

“The client was delighted with the outcome, and we look forward to collaborating with Shawbrook again.”

Karan Doshi, senior relationship manager for structured real estate at Shawbrook, added: “By designing a customised finance facility, we demonstrated the flexibility and innovation of our structured real estate offering while ensuring the best possible outcome for the client.

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