QSix Real Estate Finance provides £14.95m loan for Shane Retail Park in Belfast
QSix Real Estate Finance (QSix) is pleased to announce the completion of a £14.95m acquisition loan to support the purchase of Shane Retail Park located in Belfast, Northern Ireland by funds advised by David Samuel Properties. This is the second loan in the sector that QSix has made with this Sponsor in 2021.
In April this year, QSix provided a £19.11m acquisition facility for the purchase of Danum Retail Park in Doncaster, Yorkshire and Lisnagelvin Retail Park in Londonderry.
This loan increases the total capital deployed by QSix in 2021 to over £110m across 5 loans. QSix recently announced its first deal in The Netherlands, a €25m loan supporting the acquisition of four hospitality properties, following the opening of its Dutch office in February.
Jasdeep Mudher of QSix REF, commented:
“Increasing investor appetite for retail park transactions support our thesis of the renewed resilience of ‘Click and Collect’ retail opportunities. We are delighted to complete our second transaction with David Samuel Properties and continue an active period of deployment in 2021. Our focus continues to be on the mid-market providing loans between £5m and £50m in the UK, Ireland, and the Netherlands.”
Andrew Berkeley, Managing Director at David Samuel Properties, said:
“We are delighted to have completed this latest retail park purchase with QSix, reinforcing our belief in the resilience of this sector.”
