OakNorth backs Tri7 and Alchemy’s post-pandemic investment drive
Tri7 and Alchemy have secured a £21m facility from OakNorth Bank as part of their plans to invest £250m in real estate opportunities that have come about as a result of the pandemic.
The partners have already made their first investments, acquiring the 200,000 sq ft Core shopping centre in Leeds and a 40,000 sq ft Bingo hall on Lordship Lane in Wood Green, N22.
Nigel Henry, Tri7 co-founder and chairman, said: “In times of economic turmoil, new opportunities are created, and we want to maximise on these. We are therefore actively looking to build our portfolio”
Tri7 and Alchemy have secured a £21m facility from OakNorth Bank as part of their plans to invest £250m in real estate opportunities that have come about as a result of the pandemic.
The partners have already made their first investments, acquiring the 200,000 sq ft Core shopping centre in Leeds and a 40,000 sq ft Bingo hall on Lordship Lane in Wood Green, N22.
Nigel Henry, Tri7 co-founder and chairman, said: “In times of economic turmoil, new opportunities are created, and we want to maximise on these. We are therefore actively looking to build our portfolio”
Tri7, which was formerly known as Skape Real Estate, is looking to acquire further individual shopping centres, retail parks, and office blocks.
Max Saidman, associate director of debt finance at OakNorth Bank, said: “As the economy begins to rebuild post-pandemic, many assets will need investment and a broader range of income-generating occupiers to thrive. This is where Tri7, led by Nigel and supported by Alchemy, can add significant value and help prevent high streets from being lined with vacant shops and offices.”
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Image from Tri7
