The Scotsman

Squareston­e gets funding lift from RBS and Barclays

- By SCOTT REID

Property investment and developmen­t management company Squareston­e has been given a £125 million boost to drive forward its growth plans.

The loan facility provided by Royal Bank of Scotland and Barclays will enable the firm to continue targeting “quality, Uk-based commercial property assets, with strong income profiles and clear and deliverabl­e capital growth opportunit­ies”.

Squareston­e operates across the UK, with offices in Edinburgh, Manchester and London. It now owns and manages 26 assets with a gross asset value of about £210m. This is set to grow following the new finance facility, as well as with continued shareholde­r support.

Hugo Denée, the firm’s managing director, said: “We are delighted with the new facility from Barclays and RBS. Both banks have demonstrat­ed a deep understand­ing of our business and strategy and have been able to provide very high-quality delivery on the ground, working at considerab­le pace throughout.”

Newspapers in English

Newspapers from United Kingdom