Fortwell Capital

Fortwell Capital lends £8m for Leeds office scheme



Fortwell Capital has provided £8m to Dreadnought Estates to fund the purchase of an office scheme in Leeds.

Headrow Court is a 36,000 sq ft office scheme located in the Leeds central business district and is fully let on a lease expiring at the end of 2037.

This loan marks Fortwell’s first completed transaction of 2019.

Fortwell said that it would look to expand beyond Greater London and pursue similar lending opportunities as part of its 2019 origination strategy.

Arthur Jennings, managing director at Fortwell Capital (pictured above), said that it was great to have completed its first deal of the year in January by supporting Dreadnought Estates in Leeds.

“Our investment team’s growth and thorough underwriting capability, coupled with our board’s in-depth understanding of debt financing, facilitate rigorous underwriting and efficient decision making.

“This will empower Fortwell Capital to become a more significant player in the future.

“We look forward to leveraging this ability and to continuing to work with Dreadnought as it grows its portfolio.” 

Duncan Hamilton of Dreadnought Estates, added: “Our aim is to deliver the highest standard of office accommodation in regional cities such as Leeds, working with established partners to ultimately occupy the space being created.

“With the bespoke financing solutions provided by Fortwell Capital, we are able to bid with confidence and complete transactions quickly and efficiently.

“We look forward to deepening our relationship with Fortwell Capital through the financing of further projects.”


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