

Canada Life Investments has provided a £33 million long-term loan to the owner of an estate located around the King’s Road in London’s upmarket Chelsea area.
The long-term senior loan is secured against an element of the firm’s estate, which includes commercial and residential properties. Laxfield said that Martin’s was able to secure mixed-maturity finance for between 10 and 15 years at “favourable” rates, in line with its long-term investment strategy.
“There is currently strong interest from long-term holders of assets in locking in financing costs. Low gilt rates are bringing forward more of these requirements,” said Emma Huepfl, principal at Laxfield Debt Advisory.
“Financing our portfolio on a conservative basis for the long term is in line with our investment objectives, but also allows us to consider further careful expansion,” said Tom Martin, managing director at Martin’s Properties.
“Martin’s is a committed investor and excellent manager of its estate, and this experience and strong underlying property fundamentals are essential in order to continue lending successfully through uncertain times,” added Conor Doyle, business development director at Canada Life Investments.