RBS AGREES LOAN FOR OWNERS OF BRAMHALL VILLAGE SQUARE

HIMOR, owners of a number of commercial properties in Greater Manchester, has secured a £9.3m loan with the Royal Bank of Scotland.

Their portfolio consists of both national and independent retailers and includes Bramhall Village Square, Stockport, which has over 40 tenants.

Mark Booth, associate director of finance at HIMOR, said: “HIMOR’s strategy is to buy assets with cash and finance them once they have completed. We are looking forward to using a significant portion of the money raised to invest in more land and property in the North West region.”

Andy Llewellyn, from RBS said: “Retail is a difficult sector at this time, and while the funding package was not straight forward to put in place, against the background of an excellent portfolio which is geographically well spread and includes a number of blue chip tenants, we were happy to proceed.

“We look forward to continuing our relationship with HIMOR and supporting them with their ongoing growth aspirations in the real estate investment market.”