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Friday, November 24, 2017

Metro Bank
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Metro Bank provides asset manager of shopping centre with £17.3m

Martin Greenland | 13:10 Tuesday 24th October 2017

Metro Bank has provided Capreon – the asset manager of the Alhambra Shopping Centre in Barnsley – with a £17.3m capital injection.

The capital will assist with operations and management of the asset, and strengthens Capreon’s relationship with the challenger bank.

The Alhambra Shopping Centre is a dual level centre located in the heart of Barnsley town centre, and is home to over 40 stores, including Primark, Wilko, Next and TK Maxx.

Rob Mackenzie-Carmichael, director at Capreon, said: “Working with Metro Bank on this transaction has been a pleasure from day one to completion.

“Their professional and flexible approach has been well received and we look forward to working closely with the whole Metro team again, as we look to source finance for new opportunities in the future.”

Mark Stokes, managing director of commercial banking at Metro Bank, added: “We’re delighted to have been able to support the group with a significant capital injection.

“The organisation has an impressive track record and a wealth of sector experience, and we look forward to building a long-term relationship with the team.”

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