NatWest supports Talisker Corporation with the purchase of Newport’s Friars Walk
Real estate developer Talisker Corporation acquires Newport’s Friars Walk shopping centre with NatWest funding.
14 September 2017
NatWest Corporate and Structured Real Estate Finance teams have provided real estate developer and investor Talisker Corporation with acquisition funding for its purchase of Newport’s Friars Walk shopping centre.
Friars Walk attracts over 10 million visitors a year and has become a community hub in Newport. With over 390,000 sq ft. of retail and leisure space, it is home to an eight-screen cinema, a twelve-lane bowling alley and retailers such as Topshop, Debenhams and H&M.
Talisker’s investment will bring benefits to the city of Newport for years to come, and the company plans to work closely with tenants, the community and the council to ensure that Friars Walk continues to develop.
Talisker’s Director of Acquisitions & Finance, David Howard, said: “We are proud to be working with both NatWest and Newport City Council to provide much needed development to the Newport area. Friars Walk is a modern space with a lot to offer to Newport residents. Our investment will enhance and bring value to the centre, as well as provide quality customer experiences and bring lasting benefits to local people.
“NatWest has been instrumental in progressing with our acquisition of the centre, and we look forward to continuing to work in partnership with the bank’s team.”
Jonathan Ellis, NatWest Real Estate Finance Director, said: “We are proud to have worked with an investor with such an impressive portfolio of developments. Our funding reflects the consistent and sustainable approach NatWest has to providing real estate finance, and we are confident that their investment will benefit Newport for years to come.”
Thanks to Lombard funding, all electricity and heat for the industrial estate is now sourced through renewable energy and generated on site.