In a significant move, Sandyford Properties, a leading UK multi-let industrial property firm, has clinched a £20m revolving credit facility from Barclays. This strategic financial arrangement, set for a duration of up to five years, positions Sandyford to swiftly capitalise on new acquisition opportunities.

This facility aligns with Sandyford’s ambitious goal to more than double its multi-let industrial holdings within the forthcoming five years. The company has its sights set on acquiring individual multi-let industrial assets or entire portfolios, with lot sizes ranging from £2 million to £20 million, specifically in the Midlands and North West regions.

Currently, Sandyford boasts a portfolio that encompasses 1.5 million sq ft, majorly of multi-let industrial spaces, spread across Staffordshire and Cheshire. Legal advice for this debt facility was provided by Hill Dickinson.

Paul Brindley, the Managing Director of Sandyford Properties, expressed his enthusiasm, stating, “This newly acquired facility substantially bolsters our acquisition capabilities. It’s a testament to the banking sector’s growing interest in multi-let industrial properties as a valuable asset class.”

Echoing this sentiment, David Carter, the Chairman of Sandyford Properties, remarked, “This credit facility is pivotal to our expansion strategy. After an intense bidding process, our proven track record and clear business vision allowed us to secure highly favourable terms with Barclays.”