The Brockley Social Housing PFI project reached financial close today.
The project involves the refurbishment of 1400 council owned homes and 600 leaseholder properties in Brockley, South-East London. The project, which is commissioned by Lewisham Council, will also provide ongoing management, maintenance and lifecycle work.
Regenter Ltd, a company jointly owned by Equion plc and UK Pacific Investments Ltd, were the Preferred Bidder on this project. The senior debt of £60m is provided by Sumitomo Mitsui Banking Corporation.
Operis provided financial model due diligence services on behalf of Sumitomo Mitsui Banking Corporation and Regenter.