Kimmre have secured the development funding acquisition of a new Premier Inn Hotel, Brewers Fayre and Costs Coffee located on Bakers Quay in Gloucester. Kimmre acted for a retained private client who will fund the development which is being developed by Rokeby Merchant Developments and will reach practical completion in 2017. The deal was previously under offer to a UK pension fund who withdrew their funding post Brexit. Kimmre successfully negotiated a deal on behalf of their retained client to step in and provide funding for the developer.
For details of the transaction click here