Maslow Capital’s Lending Solutions division provides €32.88m refinancing facility for newly completed logistics asset in the Thames Valley
Pan-European finance provider Maslow Capital has closed a €32.88m 12-month facility for Kier Property, secured against the developer’s newly completed 104,000 sq ft industrial and warehouse unit in Bracknell.
The facility refinances Kier Property’s equity investment in the scheme – replacing capital the company deployed during construction. By recycling this equity, Kier can pursue a growing pipeline of commercial and residential projects across the UK.
The transaction was originated by Emma Burke, Managing Director of Development Finance at Maslow Capital in the UK and Europe, and structured by Aron Connolly within Maslow’s Lending Solutions division. Maslow Capital’s Lending Solutions team focuses on complex or event-driven situations – such as project recapitalisations, loan purchases, land remediation and other specialist real-estate finance. The team works seamlessly with Maslow’s Bridging and Development Finance teams to deliver full lifecycle support to borrowers.
Kier Property, a subsidiary of the publicly listed Kier Group, has a long track record of delivering, letting and disposing of industrial, commercial and mixed-use assets. The newly completed asset benefits from excellent transport connectivity and is well placed to meet ongoing demand for Grade-A logistics accommodation in the Thames Valley.
“Maslow’s finance sits at the heart of Kier’s strategy to accelerate capital rotation once a scheme completes, preserve strategic control of the asset, and maintain a disciplined approach to leverage. The structure enhances liquidity, supports targeted debt reduction at group level, and positions Kier to capitalise on the sustained occupier demand that characterises the Thames Valley logistics market.”Aron Connolly, Director, Lending Solutions at Maslow Capital
“This transaction is a prime example of Maslow Capital’s integrated platform in action. By drawing on the collective experience of our Lending Solutions, Development Finance and Bridging teams we crafted a bespoke facility that releases capital for Kier Property and supports their long-term growth strategy. It underlines our ability to mobilise quickly, align with a client’s vision and deliver funding solutions that unlock value across their portfolio.”Emma Burke, MD Development Finance (UK & Europe) at Maslow Capital
“Maslow Capital quickly recognised our long-term vision for our Bracknell asset and the growth ambitions of our wider portfolio, making them a natural partner for this transaction. We look forward to building on the relationship as we deliver further high quality commercial and residential projects across the UK.”Leigh Thomas, Group managing director at Kier Property
