The former bus depot has been transformed into a modern, serviced office business centre, which provides flexible space with around 51 units.
The loan will help finance the specialist London property developer and investor’s acquisition of the asset located in Ladbroke Grove.
Buspace Studios will offer Warrior Property Group both short- and long-term asset management opportunities in the form of actively managing the existing site and various tenancies.
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It also offers wider, long-term development potential as seen with a number of commercial schemes in the area.
“Warrior Capital is a long-established client, [which] recognises our track record of executing transactions subject to tight deadlines, as well as our understanding of the underlying real estate,” said Ian Burdett of Investec Structured Property Finance.
“By securing credit approval at an early stage, we were able to provide completion certainty to the client.
“We are confident that our offering will continue to attract property developers and investors looking to enter the flexible workspace market.”