Stane Retail Park, Colchester
- Churchmanor Estates
- Debt Advisory
Marick Capital advised The Churchmanor Estates Company plc in securing a £24m development facility from Close Brothers plc to fund the second phase of Stane Retail Park, Stanway, Colchester.
The development, located to the west of Colchester City Centre, will provide 173,000 sq ft of retail when built over 11 units including 100,000 sq ft pre-let to B&Q and Aldi.
Marick Capital constructed financial models for the developer and lender, prepared and wrote a presentation document to approach the lending market to secure development finance, negotiated acceptable terms with Close Bros for the facility and assisted the developer on the facility documentation and due diligence required to complete the financial transaction.