Reinsurance firm Catalina Holdings has gone into a joint venture with Oxenwood Real Estate to secure a £52.8m funding package from NatWest.
The funding, the companies said in a statement, will be used to re-finance five assets across the UK consisting of four industrial properties and one commercial office space.
Robert Fardon, real estate finance director at NatWest Group, said it was a pleasure for the bank to support Catalina and Oxenwood, citing the long-standing relationship between the three. This new package is the third deal between the parties.
He added: “Using our on-the-ground knowledge and catalogue of experience across the real estate sector, we have been able to confidently advise on the best funding package for its ambitious new business and acquisition pipeline.”
Oxenwood and Catalina have a number of projects under their joint Oxenwood Catalina venture.
In November last year, the firms shelled out more than €50m to acquire three logistics facilities in Germany, two near Dusseldorf and one near Munich.
