Investment firm Cain has renewed a £50 mln (€58 mln) revolving credit facility with Tungsten Properties to fund a pipeline of logistics opportunities in the UK. The three-year renewal follows the successful deployment of the initial £36 mln (€42 mln) facility in 2020. Cain’s partnership with the Leicester-based company began in 2019, initially financing four successful schemes at Witham, Witney, Oakham and Lutterworth with over 40,877 m2 of industrial and distribution space and a gross development value of £61 mln (€71 mln). Cain’s strategy focuses on £10-50 mln development loans across residential, commercial, and alternative sectors in the UK
Source: https://propertyeu.info/Nieuws/Cain-renews-58m-revolving-credit-facility-with-Tungsten-Properties/493cbc79-c8d0-4d1e-acf2-075316ad2afb, on 06.07.2023