Private investment firm Cain International has agreed the renewal of a £50m revolving credit facility with industrial developer Tungsten Properties, for a further three years.
The agreement follows the successful deployment of an initial £36m facility in 2020. It was used to finance four schemes totalling 440,000 sq ft with a gross development value of around £61m.
The new facility will fund a number of logistics opportunities across the UK.
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Including:
Mitsubishi Estates and Co-Re appoint Savills to help lease the development’s office space
Decision deferred on former National Institute of Agricultural Botany revamp
Developer has taken 10 storeys off proposals since first filing
Colliers appointed to lease 50,000 sq ft of office space in the Salford Quays development
