PROPERTY group Bruntwood has secured a £30m facility from Barclays Real Estate.
It will be added to an existing two-bank club arrangement taking a 15% share of an overall £200m medium-term facility.
Barclays Real Estate in Manchester was behind the deal for Bruntwood, the Manchester-based group which has more than 100 office locations throughout the North West and Birmingham.
Among its Liverpool portfolio is The Plaza, in Old Hall Street, as well as sites in Castle Street, Oriel Chambers, Orleans House and the Queen Insurance Buildings.
Kevin Crotty, Bruntwood’s banking director said: “Bruntwood has always made long- term sustainable growth its priority. As a result, it is companies such as ourselves, that have emerged from the recession fitter and stronger.
“In a market where many property owners are constrained by excess debt, Bruntwood’s financial strength remains a major advantage.”
