Sustainability-Linked Loan Fuels Bruntwood's Property Portfolio Plans

Leading UK property company Bruntwood has announced the extension of its loan facility in a move that will see its £240 million workspace portfolio funded by a sustainability-linked loan. The company’s existing £50 million Club Bank facility (backed by HSBC UK, NatWest, Santander, and Barclays) has increased to £140 million and extended by 12 months, now maturing in early 2028.

The extended facility, coordinated by HSBC UK with NatWest acting as Agent, has largely enabled Bruntwood to repay retail bonds that matured in February. The loan terms are tied to the company’s environmental, social, and governance (ESG) targets, including carbon intensity reduction, increased renewable electricity use, and greater implementation of smart energy metering.

Bruntwood has a long-standing commitment to sustainability, being the first UK commercial property firm to join the UK Green Building Council’s Advancing Net Zero Programme. Its initiatives include a £9.7 million investment in a Scottish wind farm and decarbonisation strategies for all its properties.

The funding supports Bruntwood’s portfolio across Manchester, Greater Manchester, Cheshire, Leeds, and Liverpool. Key projects include the £1 million refurbishment of South Central in Manchester, upgrades at Station House in Altrincham, and ongoing work at Liverpool’s Exchange Court.

Bruntwood CFO Rachel Brunt said the facility aligns the firm’s financial strategy with its net zero ambitions. Bank partners echoed their support, with representatives from NatWest, Santander, HSBC UK, and Barclays highlighting Bruntwood’s leadership in sustainable real estate.

The company plans further investment in its portfolio, aiming to deliver future-ready, low-carbon workspaces for ambitious businesses across the North of England.

Source: bruntwood.com