Business Weekly newspaper on LinkedIn: A high profile Cambridge property development is being used as collateral…
Summary
It is the first Real Estate Debt investment to be made by Aviva Investors MSPD LTAF since its launch last November. The facility is secured against the nine-property Journey Campus at Castle Park in Cambridge totalling around 125,000 sq ft of traditional and fitted office space. Brydell is transforming the campus into a mixed-use innovation hub and range of life science laboratories through a series of phased refurbishments, providing facilities for university spinout companies and early-stage startups. Sima Kotecha, Head of High Yield Strategies, Real Estate Debt, at Aviva Investors, said: We are pleased to establish a relationship with Brydell. No.5 Journey Campus is complementary to the recently launched Co-Labs by journeyre and builds on the successes weve seen to date.