Aviva Investors, the global asset management business of Aviva plc (‘Aviva’), has refinanced a new £40m fixed rate ten year facility to wholly owned subsidiaries of the Martins Family Holdings.
The funding is to refinance their existing debt as well as provide general corporate and working capital to the company. The facility is secured against a mixed portfolio of assets consisting of prime retail assets on the Kings Road and prime office space in Fulham and Sevenoaks. The completion marks the start of a new relationship with the Martins Family Group. Martin’s Properties, established in 1946, is a family owned, London based UK investment and development company with a prestigious property portfolio worth in the order of £375 million. Their assets include a mix of commercial, retail, residential, office, leisure and mixed use properties across London and the South of England.
Gregor Bamert, Head of Real Estate Finance, Aviva Investors, said:
“We are delighted to be starting a relationship with Martin’s Properties and supporting their growth strategy going forwards.”
Richard Bourne, Managing Director, Martins Properties, added:
“We are very pleased to be working with Aviva Investors and this commitment provides us with the flexibility and opportunity to expand and diversify our portfolio.”