Atmore refinances with £29m Handelsbanken loan

Deal done

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

DTM Legal, also headquartered in the city, advised Atmore on both the deal involving 13 properties and 120 occupational units across the UK, including Castle Walk, Newcastle under Lyme and Spinning Gate, Leigh (near Wigan) Shopping Centres

Alexia Hayes, corporate banking manager at Handelsbanken Liverpool Exchange Station, said: “We were able to deliver to tight timescales due to our local banking approach and our close working relationships with the professional partners involved at DTM and DWF.”

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.”

Charles Shepherd, managing director of Atmore, said: “This package provides security for the business as well as flexibility for future opportunities and further expansion into the Group’s property development pipeline.

“The exercise was completed ahead of target timescales due to the hard work and dedication of all concerned.

“Our sincere thanks are due to Handelsbanken, Liverpool Exchange Station Branch, our solicitors, DTM Legal and Property Finance International.”