Park Royal film studio to grow with Unbranded loan

Unbranded Finance has lent £5.4m to expand a high-tech film studio in London’s Park Royal. The senior lending by the non-bank real estate lender provides a 12-month facility secured against two prime industrial assets, 13 Waxlow Road and 42-50 Steele Road, NW10. The properties form part of a wider campus operated by Garden Studios, a technically advanced film production complex. Garden Studios currently offers four sound stages and a virtual production stage, as well as support spaces, production offices and workshops over nearly 200,000 sq ft. At 13 Waxlow Road it is seeking to design and secure planning for an eight-storey, 86,000 sq ft signature building with high-quality accommodation to support film technology, education and film production service companies. 42-50 Steele Road, a group of light industrial buildings extending to 10,000 sq ft, operates as “The Hive”, a co-working hub for the creative community, with studios for photography, podcast recording, virtual production, audio and video editing, meeting rooms, café and breakout space and a “creators lounge”, adjacent to the wider Garden Studios operations. Unbranded co-founder Oliver Holt said: “This loan reflects our commitment to providing funding secured against high-quality property assets against the current challenging backdrop for the commercial property market and the wider UK and global economies. Since we do not rely on external funding lines, we are able to continue offering fixed rate terms funded using our own shareholder capital alongside giving our borrowers certainty of execution and rapid drawdown of funds.” He added: “We remain committed to growing our loan book moving forwards with a strong appetite for bridging finance across all real estate sectors in the £1m to £20m range, with the ability to lend significantly larger sums for the right opportunities”. To send feedback, e-mail piers.wehner@eg.co.uk or tweet @PiersWehner or @EGPropertyNews