As part of this lending strategy, Westbrooke extended a facility to Compagnie Du Parc (CDP) to acquire further assets, building on their current portfolio.
While CDP have an existing relationship with an institutional senior partner, Westbrooke’s Holdco facility provided the group with additional flexibility and leverage.
Westbrooke previously concluded a transaction within this lending strategy having supported a large developer and operator of senior living accommodation, backed by a US asset manager, through a Holdco bridge-to-sale facility.
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This facility provided the borrower with flexibility during the sales process and the deal was implemented in four weeks.
Commenting on the transaction, James Lightbody, head of Westbrooke UK Real Estate, added: “This transaction aligns perfectly with our strategy of providing flexible capital solutions to experienced sponsors in the UK real estate market for assets backed by quality cashflows and strong underlying covenants.
“We are pleased to support CDP in expanding their industrial portfolio and look forward to building on this relationship in the future.”
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