The facility will be used to refinance acquisition and refurbishment costs following the conversion of 10-12 East Parade in central Leeds into flexible workspace.
The Grade II-listed property offers a range of co-working space, private offices, meeting rooms, studios and event space.
- Investec commits over £500m of PBSA funding
- Investec commits to provide over £450m of senior loans in H1
- Assetz Capital provides £7.2m facility to fund NI development
“RBH Properties is an established and dynamic real estate business with whom we are pleased to be working with on this project and supporting its exciting growth plans,” said Erin Clarke of Investec Structured Property Finance.
“Having secured a 25-year lease with Avenue HQ, [which] already [has] a successful track record in Liverpool, this prestigious building will help meet the demand for modern office space in Leeds.
“Flexible working is here to stay and its evolution has been one of the driving factors of recent positive office sector performance across the country.”