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GRE Finance and Arc & Co partner on £2.8m loan for sports hub development



GRE Finance, working in partnership with Arc & Co, has completed a £2.8m senior loan facility to support the redevelopment of an industrial complex in Farnham, Surrey to create a pickleball and padel hub.


The property has been pre-let to Home of Pickle and Padel (HOPP) on a 15-year lease.

Both parties claim this complex will become Europe’s largest padel and pickleball facility.

Michael Mirelman, director at GRE Finance, commented: "This facility demonstrates GRE Finance's ability to provide intelligent and flexible funding for high-potential projects.

“With pickleball and padel both booming, HOPP is creating a landmark destination in Farnham that will meet surging demand and bring world-class facilities to the UK.

“Working with Arc & Co, we are delighted to help deliver Europe's largest pickleball and padel hub."

Tom Berry, director at Arc & Co, added: "This was a project that required conviction, speed and a deep understanding of the underlying opportunity.

“GRE Finance's pragmatic approach made it the ideal partner.

“Together, we have structured a facility that ensures the success of what will be the largest pickleball and padel hub in Europe.

“It is a great example of collaboration unlocking value."



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