Tam Visual 2 May 19 (1)

Funding of a Large Mixed Use Development

In 2022, Fawcett Mead were appointed as sole funding agent for the mixed-use retail, trade and supermarket development in Tamworth.
Tam Visual 2 May 19 (1)

The Brief

Hawkstone Vale owned an 8 acre site in conjunction with the Co-op and had secured planning for a mixed used retail lead scheme anchored by Lidl. The scheme was tenanted by national occupiers, such as Travis Perkins, B&M, Starbucks, Greggs and KFC.

The Result

Fawcett Mead negotiated and secured a forward funding commitment with US Realty in a competitive bidding situation. The scheme is now being constructed with handover to tenants due in March 2023. The final agreed price was £22m which reflected a yield of sub 5%.

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