Just Group has led a £111m refinancing for Arada London, part of the Arada Group, investing £105m to refinance three existing lenders and support the developer’s ambitious growth plans.
The four-year amortising loan is secured against three high-quality office properties with strong ESG credentials in Hertfordshire and London: Clarendon Works in Watford, the Senna Building in Shoreditch and the Laundry Building in Hackney. These office spaces enable UK economic growth by increasing business capacity.
The refinancing was sourced by Rothschild & Co, one of the group’s key real estate investment managers. Just Group, and its partner Rothschild & Co, were selected due to their ability to fund the loan both in full and at speed, alongside structuring the loan flexibly to support Arada London’s business plan.
Just’s commercial real estate strategy focuses on long-term value creation through financing properties aligned with the evolving needs of businesses and communities.
Mohamed Tabi, director of credit and portfolio management (private assets) at Just Group, said: “Just Group allocates significant institutional capital to secure assets that provide long-term economic and social value to the UK. This loan, refinancing three high-quality office properties with strong ESG credentials, is another example of how Just supports commercial real estate operators and developers. At Just we help people achieve a better later life – it’s our purpose and why we exist. Productive investments help us to fulfil that purpose through long-term, fixed-rate investment into the economy.”
