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Our team advises Barclays on rapid refinance

Manjit Virdee, Partner at Schofield Sweeney with assistance from Abigail Falshaw, Solicitor, advised S & M Real Estate Limited, S M Real Estate (Residential) Limited and Barclays on a multi-million pound refinance and capital raise in respect of the iconic Grade II Listed Britannia Buildings on St George’s Square in the heart of Huddersfield.

The building, which was built in the late 1800s, compromises a mixed use of commercial space and 24 residential flats and is known for its architecture and prominent location next to Huddersfield train station. 

The transaction was the first part of the Groups strategic long-term plans to invest in Huddersfield and local surrounding areas.

Jerry Malik of the S&M group said “the new relationship with Barclays shows they’re in the market to do business.  Since the first moment I spoke to Phil he was straight forward and clear which is the way I like to do business.  It great that Barclays have an appetite to support the community which is what we hope to achieve”

Manjit Virdee, Partner of Schofield Sweeney said “as always, there is satisfaction in completing a deal especially one where everyone is pulling in the same direction to get things done right and as quick as possible”

Phil Whitaker, Barclays Real Estate Manager, put together the funding package for the deal, and said: “Jerry and his team run an excellent business which is investing locally and contributing to the local economy. It’s great to see the business flourish and continue to the next exciting chapter and we look forward to supporting the group as they continue to grow.”

If you require similar advice, our Commercial Property team would love to talk to you.

About the Author

Manjit Virdee

Partner

Manjit covers a broad range of commercial property work; but specialises in acting for lenders in…

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