The loan was provided to ACR Investments Limited, which owns and operates a purpose-built shopping centre on Green Street in east London that caters for the Asian wedding market with a variety of fashion shops.
The business purchased the land — which was previously a derelict bus garage for over 60 years — in 2012.
Construction on the shopping centre was completed in 2015.
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“ACR Investments has developed and successfully managed the shopping centre since its completion, and I’m delighted that [it] felt Metro Bank was the right bank for this project,” said Mark Stokes, managing director of commercial banking at Metro Bank (pictured above).
“Our team [was] able to provide a tailored approach coupled with in-depth industry expertise, which meant we were able to provide ACR Investments with the support they needed throughout the process.”