The facility will enable Glenmore to consolidate part of its portfolio and accelerate its investment in purpose-built student accommodation (PBSA) and industrial property.
The refinancing was structured by SHC Capital, and is backed by three assets in the Glenmore portfolio — a 250-bed PBSA scheme in Dundee, a 10-storey 123-bed PBSA scheme in Portsmouth and a 23-unit industrial park in Bristol.
- The Finance Professional Show 2025: The Video
- SHC Capital and Cynergy partner on £50m London development
- SHC Capital arranges revolving credit facility for prime central London developer
Tony Tadros, director at SHC Capital, commented: “Glenmore has a strong track record in both development and investment, and for over three decades it has successfully navigated every cycle in the property market.
Daniel Rubin, CEO at Glenmore Group, added: “It has been a pleasure to work with SHC Capital, who delivered exactly the facility we were seeking.
“Our appetite remains strong in both the industrial and student asset classes, and our proven track record enables us to act quickly and decisively.
“We look forward to working with SHC Capital again on our next transaction.”
Leave a comment