Just Group has provided £23m (€26.5m) of five-year financing to two separate UK pub portfolios.
The specialist UK financial services firm provided Pantheon Holdings with a £13m loan secured on central London pubs and gave Cygnus 1 Unit Trust a separate £10m facility backed by regional UK pubs.
The proceeds of the loans will primarily be used to refinance existing debt and provide expansion capabilities for assets.
The latest transaction was originated by Rothschild & Co, one of Just Group’s investment managers, continuing the firms’ decade-long collaboration.
Mohamed Tabi, director of credit and portfolio management at the retirement specialist Just Group, said: “At Just, we invest to deliver long-term income for policyholders and lasting value for stakeholders.
“With more than a decade of experience investing in real estate, we continue to demonstrate underwriting strength and the ability to originate premium, long income alternative assets backed by high quality counterparties.”
Julia Moore, director at Rothschild & Co, said: “We are delighted to have worked alongside Just Group on these two loan facilities, which are secured against long-let stable assets let to major pub companies, with high quality sponsors.”
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