SHC Capital arranges revolving credit facility for prime central London developer
By Tara SammonsSHC Capital has arranged a revolving credit facility that will enable developer Euroterra Capital to add to its portfolio of prime central London properties.
The credit line — which is secured against more than £30m of Euroterra’s existing portfolio — will bolster the developer’s significant cash reserves and enable it to seize and realise more investment opportunities.
During a decade-long partnership, SHC Capital has secured more than £100m in finance for Euroterra.
Tony Tadros, director at SHC Capital, commented: “We have transacted over £100m with Euroterra Capital, and it is a first-class operator with the ability and liquidity to move quickly.
“As prime central London experiences a gap between values and debt availability, we will continue to leverage Euroterra Capital’s support to enable it to unlock unique development opportunities and restructure challenging situations.”
Pantazis Therianos, CEO at Euroterra Capital, added: “We have the track record, liquidity and ability to unlock any complex situation where we see value.
“Our focus is on acquiring well, adding value and determining the right time to sell — while working exclusively with SHC Capital to identify and resolve special situations that require flexible capital.
“We have worked with Tony and his team for over 10 years, and the trust is there to pursue more complex transactions, bringing together our expertise and capital.”
Keywords: SHC Capital, Euroterra Capital, revolving credit facility, prime central London properties, London property developer, £30m secured portfolio, £100m finance partnership, Tony Tadros, SHC Capital director, Pantazis Therianos, Euroterra Capital CEO, London real estate investment