“What makes a difference in deals like this is detail. Knowing exactly what the borrower is trying to achieve and shaping terms that fit both the asset and their wider strategy is where HTB adds real value”
– Tim Mycock – Hampshire Trust Bank
Hampshire Trust Bank (HTB) has completed an £18.2m refinance facility for an existing client, supporting a newly refurbished Grade II listed office property on Bedford Row in central London and providing funding to stabilise the asset.
The scheme delivers more than 27,000 sq ft of Grade A offices across three interlinked Georgian townhouses. The design blends heritage façades with modern, sustainable features. The property has achieved a BREEAM Excellent rating, an EPC A rating, and Silver ratings from both WiredScore and Smartscore. These credentials are expected to attract professional, legal and creative occupiers, with early interest already coming from firms in the legal, financial and design sectors.
The facility refinances the original development loan and allows the borrower time to secure lettings ahead of a future sale or refinance. This marks the second deal between HTB and the client, following a £13.3m facility earlier this year to refinance a retirement living scheme in the south of England.
The transaction was introduced by Adam Brews of Vandermolen Real Estate and led by Tim Mycock, lending director at HTB, with support from Beth Rungay, relationship manager, and HTB’s development finance team.
Tim Mycock (pictured) said: “Supporting a second transaction for this client underlines the strength of the relationship and the consistency of how we work. This was a facility with real structural complexity, requiring us to navigate a layered ownership group and deliver against tight post-completion timings.”
“Our teams across credit, compliance and front office worked closely together to structure a facility that not only refinanced the asset but also gave the borrower space to stabilise income and plan their next move.”
“What makes a difference in deals like this is detail. Knowing exactly what the borrower is trying to achieve and shaping terms that fit both the asset and their wider strategy is where HTB adds real value. That consistency and attention to detail are why we have been able to build trust across multiple transactions and why experienced investors continue to choose HTB for structured solutions. Completing this second deal with the client highlights the strength of the relationship in action.”
Structured funding for a shifting market
The transaction reflects a wider trend in the London office market, where investors increasingly rely on structured post-completion funding to bridge the gap between redevelopment and long-term income stabilisation.
Neil Leitch, managing director of development finance at HTB, added: “The London office market continues to evolve, but well-located, high-quality assets with strong sustainability credentials still command demand. The challenge for investors is the period immediately after completion, when certainty of funding is critical while lettings are secured. That is a space where specialist lenders like HTB can step in with pragmatic, structured facilities that mainstream lenders often struggle to provide.
“This transaction is a clear example of that. We were able to work with a complex borrower group, tailor a solution that matched the stage of the asset, and provide the certainty needed to support long-term value. It highlights the growing role of specialist banks in providing structure and stability at critical moments in the investment cycle, and it reinforces HTB’s role as a long-term partner for investors as the London office market adapts to new standards of sustainability and demand.”
Adam Brews, director at Vandermolen Real Estate, said: “Completing a second transaction with this borrower and HTB underlines the importance of strong relationships in our industry. Vandermolen’s capital advisory team is proud to be at the centre of those relationships, bringing together market knowledge and disciplined execution to deliver clarity, certainty and value for all parties. The trust placed in us to deliver complex deals with precision is something we value highly, and we remain committed to creating outcomes that add real, lasting value for our clients and partners.”
Please visit:
Our Sponsor
