Member Article

Blackshaw gets a £15 million helping hand from Lloyds

Leeds-based Blackshaw Holdings has refinanced its property portfolio with the help of a £15m funding agreement with Lloyds Bank.

Blackshaw, which was set up in 1979 by local entrepreneur John Brooksbank, has a portfolio of commercial, residential, mixed use and leisure properties across Yorkshire.

The Lloyds three-year funding deal has been used to partly refinance an existing loan agreement. The rest has been refinanced through the disposal of assets.

“This is an important agreement for our business,” said Mr Brooksbank. “We have streamlined our debt position and also our portfolio which together has given us much greater flexibility for the future”.

Tom Cross, relationship director, Lloyds Bank’s commercial real estate team, added: “Blackshaw are one of Yorkshire’s major private property groups with a sizeable and diverse portfolio. We’re pleased to support this important landlord that provides affordable housing and commercial space across the region.”

Legal support to Lloyds was provided by Squire Patton Boggs and Sanderson Weatherall acted on valuation.

Walker Morris and Gordons provided legal advice on the deal for Blackshaw Properties and Matt Warrilow of PwC acted as its debt advisor.

This was posted in Bdaily's Members' News section by Robert Beaumont .