Cerberus Capital refinances Quorum Business Park with BlackRock loan

BlackRock Real Assets has provided a £20m first mortgage loan to Cerberus Capital Management to refinance eight of the 15 buildings that comprise the Quorum Business Park near Newcastle.

The office park, located four miles outside Newcastle, comprises 500,000 sq ft of modern Class A office space constructed primarily between 2009 and 2012. Four buildings at the park managed by Broadoak Asset Management are 100% occupied, and the other four are in various stages of lease-up.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue