M7 Capital has provided a £7m loan to Linden Hill Capital (LHC) to support the acquisition of Maple House in Birmingham.
The loan, which was made on behalf of M7’s debt fund TREC II, is secured against the 60,000 sq ft multi-let office and retail asset located just behind Colmore Row.
Hugh Fraser, chief executive officer at M7 Capital, said: “Maple House is a high quality asset with a strong occupier mix situated in a desirable location for businesses in Birmingham, the UK’s second largest city region. This is the third loan we have completed since the start of year, demonstrating the momentum we are seeing in the market for smaller ticket, regional loans, which are underserved by traditional lenders.”
Haroun Soud Al-Mishwit, founder and managing partner at LHC, added: “Linden Hill and its equity partners are proud to have closed the Maple House transaction despite recent market volatility. The acquisition is testament to confidence that the LHC and M7 teams have in the asset management strategy and to the ongoing collaboration between our firms.
“The LHC team looks forward to leveraging the initiative to create more sustainability and growth within this key enclave of Birmingham’s fast-growing economic & social ecosystem; the city is a prime candidate for UK levelling-up and inward investment.”
