The 18-month facility aims to allow provide the borrower time to complete sales and pre-lets across the site, which has attracted new occupiers.
The developer is an existing contact of Mera’s and has been operating across various asset classes for 40 years.
Commenting on the deal, Edward Matthews, CEO at Mera Investment Management (pictured above, right), said:
“It is exciting to close this deal with a valued developer partner who I have had the opportunity to work with before.
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“There were complexities to this transaction, including title restrictions, that required a specialist understanding of the risks involved.
“Our expertise, coupled with the existing relationship with the client, meant that we could mitigate these complications and provide a timely solution.”
The news follows the firm’s hiring of Raj Bath (pictured above, left) as director of portfolio management for capital and reporting last week.
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