Aviva Investors Real Estate Finance has completed a £12.5m refinancing deal on Troy Court, a Retail and Leisure Island Block on Kensington High Street.
Troy Court is well situated on Kensington High Street, one of London’s eight core retail submarkets, benefitting from its close proximity to the recently developed Design Museum and the adjacent entrance to Holland Park.
Gregor Bamert, Head of Real Estate Finance, Aviva Investors, said:
“Despite the much-publicised headwinds facing some of the retail sector, we believe there are resilient locations which will continue to trade well. Troy Court represents an opportunity for us to finance an attractive asset in a strong location and we look forward to further such opportunities.”
The refinancing of Troy Court fits well with the long-term hold strategy that ownership has maintained with respect to several of its prime Class-A assets located throughout the West End. The relationship with Aviva as a trusted, long-term partner is integral to the stable growth of Troy Court’s cash flows which are anchored by the curated mix of well-established retailers that cater to both local Kensington residents as well as destination visitors from across London and abroad. The impressive retail mix at Troy Court ranges from popular food and beverage destinations, to a seasoned art supplies boutique, to a cutting-edge retail optical store, to post office services, to branded health & wellness fitness facilities.