Neil Tague
Bruntwood and Legal & General’s joint venture has secured a three-year, £95m facility to fund its growth and investment strategy, from NatWest, Santander, Lloyds Bank and HSBC.
The new sustainability-linked loan extends Bruntwood SciTech’s existing £185m loan, which it agreed with the club in 2019, to £280m.
Bruntwood SciTech, a 50:50 joint venture between Bruntwood and Legal & General to focus on development in science and technology assets, said it will use the funding to invest in the ongoing development of Alderley Park; Manchester Science Park; Platform in Leeds; and the commercial buildings at Circle Square in central Manchester.
The funding will also be used to support new acquisitions.