Liverpool commercial property owner Spencer Holdings has secured £200m of debt funding to aid its UK-wide expansion bid.
Bank of Scotland Real Estate, Liverpool is providing the finance for the firm to grow its national property portfolio from 4m to 6m square feet.
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As part of its strategic investment programme, Spencer has identified several key acquisition targets and development projects, which are set to come to fruition over the next two years.
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The company is already one of the largest industrial park owners in the UK, managing and owning multi-tenanted industrial and commercial estates in activities including manufacturing, warehousing, trade counters and business parks.
It manages a portfolio with more than 800 tenants nationwide.
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Hbos Fund Spencer Holdings £200 Million Warchest