Property group gets £29m helping hand from Handelsbanken

Liverpool-based Atmore Property Group has refinanced part of its property portfolio with a loan of more than £29m with Handelsbanken.

The company was advised by DTM Legal on the refinancing of 13 properties and 120 occupational units across the UK and the associated charging documentation relating to the portfolio.

Included in the portfolio are Castle Walk, Newcastle under Lyme and Spinning Gate, Leigh Shopping Centres, near Wigan.

Charles Shepherd, managing director of Atmore, said: “We are pleased to have efficiently refinanced part of our portfolio with Handelsbanken.

“This package provides security for the business as well as flexibility for future opportunities and further expansion into the group’s property development pipeline.”

Alexia Hayes, corporate banking manager, Handelsbanken Liverpool Exchange Station, said: “We are delighted to have had the opportunity to support a customer of such pedigree as Atmore.

“We were able deliver to tight timescales due to our local banking approach and our close working relationships with the professional partners involved at DTM and DWF.

“We thank Atmore for the opportunity to support them and look forward to developing our relationship over the coming years.”

Robert Harris, consultant at DTM Legal, said: “This was a complex exercise involving many stakeholders but we successfully met the strict timetable as a result of the co-operation of Handelsbanken and its legal firm, DWF.”