Kier Property has completed the £27.4m refinancing of a newly completed industrial and warehouse unit in Bracknell with Maslow Capital.
The facility refinances Kier Property’s equity investment in the scheme and replaces capital the company deployed during construction. By recycling this equity, Kier can pursue its UK pipeline of commercial and residential projects.
Leigh Thomas, group managing director at Kier Property, said: “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.”
Aron Connolly, director, lending solutions at Maslow Capital, added: “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.”
Emma Burke, MD development finance (UK and Europe), said: “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.”
