22nd September 2022
Martin’s Properties, a leading London property company operating across the South of England, today announces a loan facility of £4.8m to Chesterton Commercial Group. The loan is for the acquisition and office repositioning of Parkside House Windsor.
The £4.8m loan will be used by Chesterton Commercial Group to acquire and reposition the prime vacant office building. Working alongside fit-out contractors Thirdway, Chesterton Commercial Group will redevelop the building into high-specification office suites. The works are going to complete in Q1 2023.
Martin’s Properties has circa £350m of assets under management and a talented in-house team, that covers all aspects of the property operations. This covers commercial and residential asset management, investment, development, facilities management and finance. Historically known for their investment in Chelsea and the King’s Road, today 20% of their portfolio is in the regions across all sectors. The current locations include: Guildford, Oxford, Didcot, Wantage, Bournemouth, Woking and Sevenoaks.
James Hall, Investment Manager, Martin’s Properties comments: “Parkside House has the fundamentals in place to provide Grade A offices within an affluent South East location with good transport links and infrastructure.”
Richard Bourne, Managing Director, Martin’s Properties comments: “This loan facility marks a new milestone for Martin’s Properties as the first direct third-party loan as we look to deploy the funds from Martin’s Financial. I congratulate James and the team for brokering this as we continue to diversify our portfolio and collaborate with like-minded third parties as part of our ongoing financial and investment strategy.”
For press enquiries please contact: Bronya Heaver, Bronya@rafikilondon.com, 07813 680 704