Specialist UK financial services firm Just Group has provided a £136m (€153.9m) loan to Oval Real Estate for its portfolio of seven multi-let office properties.
The FTSE-listed company said the three-year loan has been provided to Oval Real Estate for their 705,000sqft Kensington portfolio consisting of assets in London, Reading, Birmingham and Bristol.
The latest deal lifts Just Group’s commercial real estate deployment activity to over £250m the first nine months of 2025, an increase of £150m compared to their total deployment in the full year in 2024.
Mohamed Tabi, director of credit and private assets at Just Group, said: “Our growing investment in commercial real estate demonstrates our commitment to supporting the spaces and environments that deliver meaningful and positive social impact.
“Our investment in Oval Real Estate, along with similar initiatives, not only contributes to a more resilient economy but also generate the sustainable, long-term returns that deliver security and peace of mind for our customers.”
Vicky Lawton, senior investment manager at Just Group, said: “This loan demonstrates Just’s commitment to investing in projects that provide secure, long term income to pay our policyholders and deliver lasting value for our stakeholders, while supporting the UK’s productive finance agenda.”
Rikki Lewis, head of transactions at Oval Real Estate, said: “This refinance reinforces Oval Real Estate’s ongoing commitment to investing in high quality office assets across key UK cities. Partnering with Just Group for the first time, their collaborative and commercially focused approach played an important role in the successful execution of the transaction.”
Moorhall Capital advised Oval on the financing.
Rob Jones, principal at Moorhall Capital, said: “Oval’s track record of repositioning and managing best-in-class office assets across key UK cities continues to set a benchmark for quality and performance in the office market.
“Just’s pragmatic approach, speed of execution and conviction in the UK’s commercial real estate sector were instrumental in achieving a successful outcome for all parties.”
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