QSix Real Estate Finance provides £19.11m acquisition facility to David Samuel Properties
QSix Real Estate Finance (QSix REF), the specialist real estate asset manager, announces the provision of a £19.11m acquisition facility to David Samuel Properties. The facility will be used for the purchase of Danum Retail Park in Doncaster and Lisnagelvin Retail Park in Londonderry. The sellers are Blackrock and M&G respectively.
This transaction follows QSix REF’s recent financing of a luxury London hotel taking capital deployed to £140m across 10 loans. QSix REF also recently announced the opening of its office in The Netherlands and wider expansion into the Dutch commercial real estate debt market.
Gareth Williams, Head of REF at QSix, said:
“We are pleased to support David Samuel Properties in the acquisition of these two locally dominant retail parks. Retail Parks continue to attract significant institutional capital having proved more resilient through the pandemic, due to the number of occupiers classed as essential retailers and servicing click and collect customers.”
Andrew Berkeley, Managing Director at David Samuel Properties, said:
“David Samuel Properties are pleased to have concluded our first transaction with QSix, who have been professional and commercial throughout the completion process. We are excited about working with the Qsix team on these assets going forward and will continue to look for opportunities to expand our portfolio in the Retail Park sector”
The transaction was brokered by GDP Finance.