SHC Capital partners with GB Bank on £62m London property portfolio acquisition and refinance

SHC Capital has arranged two investment and stretched senior funding loans from GB Bank.

The facilities will support the acquisition and refinancing of a combined £62m portfolio of residential, retail and office properties across a number of London locations, including the West End.

SHC Capital structured the transactions on behalf of two property investment groups.

The multi-asset portfolios comprise residential, retail and office buildings which are tenanted and already providing a steady income stream.

The two facilities, which combine investment and stretched senior funding, will enable the assets’ income generation potential to be improved, support the future upgrading of the buildings and help regenerate the surrounding areas.

Tony Tadros, director at SHC Capital, commented: “This deal required careful structuring to deliver a blend of investment and stretched senior funding to a tight deadline.

“Carrying it right through to completion was a collective effort, in which the dedication, agility and professionalism of the team at GB Bank played a vital role.

“In particular, the legal work of Fraz Hussain of BlackStone Solicitors and Simon Noonoo of Seddons was exemplary.

“It’s exciting to think that our hard work will power the regeneration of two sizable property portfolios and their surrounding areas, improving life for residents and users for years to come.”

Pankaj Thukral, chief lending officer and deputy CEO at GB Bank, said: “These transactions required us to move quickly and adroitly across multiple workstreams, while coordinating closely with the wider professional team.

“GB Bank continues to strengthen its position in the real estate finance space, and our partnership with SHC Capital is integral to our growth.

“Together we are working on an ongoing pipeline in excess of £100m, and these latest transactions completed with SHC Capital bring GB Bank closer to the significant milestone of £1bn in lending.”

Hardik Gogia, relationship manager at GB Bank, added: “With the finance going to two of the UK’s leading property investment groups, GB Bank once again demonstrated its ability to transact and deliver under pressure.”