The facility, provided to Soller Nine Limited, enables the borrower to refinance its incumbent lender and release equity to progress demolition works and advance pre-let negotiations.

The has full planning consent for an 18-storey Grade A office building designed to achieve BREEAM ‘Excellent’.

The deal involved eight titles, requiring a structured approach to keep progress on track.

The facility was led by Harry Bhogal, supported by Joe Gibson as relationship manager, with BNP Paribas providing valuation advice and Glovers acting as legal counsel, alongside support from Credit.

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The transaction is the first between HTB and Soller.
Harry Bhogal, lending director at HTB (pictured above), said: “This was a technically challenging deal that required a clear understanding of the planning and title structure to move forward.

“We worked closely with Soller to shape a facility that managed risk and gave them the confidence to start key on-site works while advancing pre-lets.”

 Nick Treadwell, CEO at Soller, added: “This transaction involved multiple titles and a complex planning position, so it required a lender that could grasp the detail quickly and structure around it. HTB did exactly that.

“They understood how critical timing and liquidity were to keep the project moving, and their responsiveness gave us the certainty we needed to press ahead. It was a very collaborative process and one we’d be happy to repeat.”