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2008 BLUEMANTLE DOUBLES SHARKS SPONSORSHIP Bluemantle adds a second shark to its sponsorship. >>MORE BLUEMANTLE / KILMARTIN GRANTED PLANNING FOR MILLER ARCADE Bluemantle / Kilmartin have been granted planning permission for a multi-million pound refurbishment of the Grade 2 listed Miller Arcade in Preston. >>MORE BLUEMANTLE / KILMARTIN SUBMIT PLANS FOR MILLER ARCADE Bluemantle / Kilmartin have submitted a planning application to refurbish the upper floors of the Miller Arcade as high-quality offices and enhance the existing restaurant / leisure uses on the ground floor facing the Town Hall square. >>MORE BLUEMANTLE SECURES AN £85 MILLION REFINANCING PACKAGE One of the North West’s leading property investment, development and asset management groups, Bluemantle has secured an £85 million refinancing package of its existing portfolio with three banking institutions; Rothschilds, Royal Bank of Scotland and HSBC. >>MORE BLUEMANTLE AND REFLECT SCORE A PERFECT TEN North West based property investment and development companies Bluemantle and Reflect Developments have fully let their 4,500 sq ft office building, Ten West Street in Alderley Edge. >>MORE BLUEMANTLE MILLS LET TO SINGLE OCCUPIER Cheshire property development and investment company, Bluemantle has secured a single occupier for its two Victorian mills. >>MORE BLUEMANTLE SELECTS NEW TENANT CCheshire based property investment and development company, Bluemantle has secured one of the UK’s largest plant businesses for its 95,000 sq ft industrial unit, Wincham Point, in Northwich. >>MORE
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1st September 2008 BLUEMANTLE SECURES AN £85 MILLION REFINANCING PACKAGE One of the North West’s leading property investment, development and asset management groups, Bluemantle has secured an £85 million refinancing package of its existing portfolio with three banking institutions; Rothschilds, Royal Bank of Scotland and HSBC. Bluemantle’s Managing Director, Mark Caldwell, says: “We have worked with Rothschilds for the last 25 years and we are delighted to have maintained this relationship whilst establishing a strong new platform to grow the business with RBS and HSBC. This deal not only demonstrates a great vote of confidence in our abilities but also proves that despite these being difficult times, the property finance markets are still open for the right sort of business.” Bluemantle’s existing investment portfolio which is worth over £150m is spread over fifty properties across all sectors throughout the North West of the UK, looking after over 270 tenants with a rental income of just under £9m per annum. Bluemantle is also involved in of some of the most important development locations in the North West including Alderley Edge, Ancoats, Bolton, Holmes Chapel, Manchester City Centre, Preston and Wythenshawe with current schemes including the 14 acre Bolton Church Wharf development delivered in partnership with Manchester development company ASK and the Miller Arcade in Preston, which was acquired in partnership with the Scottish property company, Kilmartin. The total gross development value of this pipeline is estimated to be around £500 million. The group was started as a family business more than 25 years ago in Alderley Edge and whilst the family are still very much involved Bluemantle has evolved into an asset management business looking after the property interests of all its investment partners which include high net worth individuals, other property companies, local authorities and financial institutions. As part of the refinancing the corporate structure of the group has been set up so that additional investors can easily be introduced on a project-by-project basis. Mr Caldwell continues: “The core of our business is using our asset management skills and understanding of the relationship between the property investment and development markets to provide exceptional returns for our investors. Whilst in the short term we intend to focus on managing our existing income stream, the refinancing means that we are now in a strong position to capitalise on any opportunities that may arise over the course of the next 6 to 12 months.” For further information please contact: Anna de la Perrelle PAPR LTD. 0161 209 3443 / anna@papr-uk.com |
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