Transactions take total lending by the platform in the UK to over £110m
QuadReal Property Group (QuadReal), a global real estate investment, development and operating company, has completed £86.4m of loans across two transactions via its newly expanded lending platform, taking its total direct lending in the UK to over £110m.
The first transaction was a £56.5m loan to Heitman to refinance an eight asset, 492,260 sq ft self-storage portfolio located across Birmingham, Sheffield, and Stafford, and managed by Space Station, the oldest self-storage operator in the UK. Six of the assets are operational and currently in a lease up phase, while one completed in July 2025 and the other is estimated to complete in March of this year. All the schemes are institutional grade, purpose-built, or high-end conversions, and were specifically selected based on the strong local catchment, accessibility, and visibility. Importantly, there are no new self-storage facilities under construction in any of the three cities.
The second transaction is a £29.9m loan to Fiera Real Estate and Wrenbridge to fund the development of a 219,749 sq ft logistics facility in Reading. Construction on the scheme, which will offer six suites across five buildings, commenced in December 2025 and is due to complete in December 2026. The facility is located to the south of the city, adjacent to the M4 motorway and within a 90-minute drive of 18.9 million people, as well as Heathrow and key port cities such as Bristol, Southampton, and Bournemouth.
The transactions take the total direct lending by the platform, which was launched in the UK in October 2025, to over £110m, after it provided a £25.5m facility to Fiera Real Estate and Harleyford Capital to fund the development of 180,000 sq ft of institutional Grade A logistics space at Watford Works, London in October.
QuadReal intends to commit over £2.5bn over the next three to five years across the UK and Europe, and has direct control over all decision making. The expanded platform follows the success of QuadReal’s North American debt business, which currently manages over £12bn in investments.
Derek Richter, Vice President, Real Estate Debt, said: “These transactions represent an important milestone in the growth of our lending platform, and demonstrate our confidence in the UK market. While we are committed to growing our platform, we remain disciplined, and will only progress transactions that are aligned with our global investment strategy and core convictions. With strong sponsors and attractive sector fundamentals, these high quality, well-located sites are firmly in line with that strategy and we look forward to working with Heitman, Fiera, and Wrenbridge as they execute their business plans.”
