Metro Bank

Metro Bank provides £17.3m loan to support London real estate business

Metro Bank has provided a £17.3m loan to a real estate company to restructure the latter’s existing finance and release equity within the business.

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.

“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.”

Sign up to our newsletter to receive more news like this story

I accept that by joining the DFT mailing list, I will receive relevant news and promotional material via DFT on behalf of its partners and advertisers. Your data will not be passed on to any third party.
No, thanks, just the news please.

Leave a comment