Metro Bank

Metro Bank provides £17.3m loan to support London real estate business



Metro Bank has provided a £17.3m loan to a real estate company to restructure the latter’s existing finance and release equity within the business.

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The loan was provided to ACR Investments Limited, which owns and operates a purpose-built shopping centre on Green Street in east London that caters for the Asian wedding market with a variety of fashion shops.

The business purchased the land — which was previously a derelict bus garage for over 60 years — in 2012.

Construction on the shopping centre was completed in 2015.

“ACR Investments has developed and successfully managed the shopping centre since its completion, and I’m delighted that [it] felt Metro Bank was the right bank for this project,” said Mark Stokes, managing director of commercial banking at Metro Bank (pictured above).

“Our team [was] able to provide a tailored approach coupled with in-depth industry expertise, which meant we were able to provide ACR Investments with the support they needed throughout the process.”



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