Multi-million-pound re-financing secured for Grade Two listed buildings

A multi-million-pound re-finance and capital raise for the Grade Two listed Britannia Buildings in Huddersfield has been completed.

The building, which was built in the late 1800s, compromises a mixed use of commercial space and 24 residential flats and is known for its architecture and prominent location next to Huddersfield train station.

Schofield Sweeney advised Barclays and S & M Real Estate on the rapid re-finance deal. The transaction was the first part of the group’s strategic long-term plans to invest in Huddersfield and local surrounding areas.

Jerry Malik of the S&M group said:  “The new relationship with Barclays shows they’re in the market to do business.  It great that Barclays have an appetite to support the community which is what we hope to achieve.”

Manjit Virdee, partner at Schofield Sweeney, with assistance from solicitor Abigail Falshaw solicitor, advised on the transaction.

Virdee added: “As always, there is satisfaction in completing a deal especially one where everyone is pulling in the same direction to get things done right and as quick as possible.”

Phil Whitaker, Barclays Real Estate Manager, put together the funding package for the deal, and said: “Jerry and his team run an excellent business which is investing locally and contributing to the local economy. It’s great to see the business flourish and continue to the next exciting chapter and we look forward to supporting the group as they continue to grow.”