The Peel Group
The Peel Group, one of the UK's leading infrastructure, transport and real estate investors, has completed a long-term commercial real estate financing with Aviva Commercial Finance.
The £205 million, 20 year senior debt is secured on 53 assets comprising a diversified mix of industrial, logistics, office and retail properties, predominantly located in the North-West of England and Scotland.
"We are delighted to have a new funding partner in Aviva Commercial Finance, we were impressed with their long term and hands on approach of getting the deal done within a very short timeframe, we look forward to working with them and exploring new opportunities across the group", said John Whittaker, Chairman of Peel.
Kevin Sale, Commercial Finance Director at Aviva said "we identified a positive alignment of interests with Peel and are delighted to have established a new long term relationship with a company of their pedigree".
Bell Capital Partners acted as sole arranger of the finance package for Peel. Robert Palache, the firm's senior partner, commented that "we are delighted to have delivered an elegant financing solution which proves how highly professional property owners can continue to fund their businesses, even when capital is scarce".