Entrepreneurs refinance industrial estate
Two Walsall-based entrepreneurs and brothers, trading as Khera & Khera, have refinanced a large industrial estate in Halesfield, near Telford.
The assets, which cover almost three acres with 49,000 sq ft of factory space, are situated in the Halesfield 24 industrial estate.
Paul & Lucky Khera, who also own food manufacturer KTC Edibles, refinanced on a longer-term commercial mortgage through Cambridge & Counties Bank after being introduced by Dan Ahmed at Midland Bridging Group.
Paul Khera said: “The support and understanding shown by Cambridge & Counties Bank, as well as Dan Ahmed at Midland Bridging Group, has been key in helping us successfully refinance the industrial asset in Telford on better terms. In particular, the strong relationship-based approach and complementary product suite is a real differentiator for the bank.”
Marco Brice, relationship manager at Cambridge & Counties Bank, said: “Helping entrepreneurs and investors such as Paul and Lucky to secure and realise these sorts of refinancing opportunities is central to Cambridge & Counties Banks’ business model and customer approach.
“In particular, we believe we offer a differentiated service and product offering for investors looking to capitalise on demand for warehousing and logistics assets. As online retail has grown so has a real need for warehouse and distribution units. While giants such as Amazon have long been using this business model, requirements for smaller, agile logistics space have risen too. In what is a highly dynamic sector, we are here to help investors meet this demand.”
