Bruntwood SciTech secures £185m green debt deal to power future growth

By Guy Montague-Jones2019-07-15T12:53:00

Bruntwood SciTech has agreed a three-year £185m funding deal led by Lloyds Bank in one of the largest real estate deals outside London this year.

As part of the deal, Bruntwood SciTech, a joint venture between Bruntwood and Legal & General, has secured a £60m green loan to develop 400,000 sq ft of specialist workspace at No’s 2, 3 and 4 Circle Square in Manchester city centre. The scheme, which will provide 1.2m sq ft of workspace as well as 1,700 homes, is a joint venture between Bruntwood SciTech and Vita Group.

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