Find out more about our risk appetite before you apply

 

Industrial

We thought it would be useful to share with you some of the things we look for when we're shaping a lending proposal for a commercial investment product in the industrial sector. 

This sector typically covers all buildings used for the manufacture, storage or processing of goods or materials. 
We look for:
Good quality warehousing / light manufacturing. 
Transport and logistics sector. 
Vehicle maintenance. 
Life science.
Multiple unit, multi-tenanted portfolios. 
Mid-sized units with flexible layout and use.
Established industrial location with other similar operators.
What we won't do:
Scrap yards and recycling centres. 
Units with a large amount of office space or lacking necessary height or access for industry .

 

Offices

This sector typically covers properties let to businesses which operate admin, head office or professional services from a purpose built or converted building.
We look for:
Modern office buildings with good quality fit out and services. 
Prime or town / city centre location.
Offices let to professional practices (e.g Accountants, Solicitors, Architects).
Information and communication e.g. data centres.
Good ESG credentials as evidenced by certification such as BREEAM. 
Let to multiple tenants or long term to a strong single tenant.
EPC C or better. 
What we won't do:
Properties where a tenant is unlikely to renew their lease due to quality of the space or sustainability / ESG policy.
Properties with long rent free periods, unless serviceability can still be evidenced during this period.
Serviced offices, unless let to a third party tenant to manage.

 

Retail

This sector includes businesses selling finished goods from their premises directly to the public.
We look for:
Essential retail such as convenience stores, food stores, chemists and DIY stores. 
Retail warehousing.
High Street or good suburban location.
Mixed use properties with retail and residential accommodation.
Well performing retail parks which include national retailers and food stores. 
Good leases and EPC ratings. 
What we won't do:
Shopping centres, department stores or anything highly specialised. 
Petrol stations.  
Motor vehicle sales. 
Car parks.
Tertiary locations. 

 

Leisure

This sector covers properties used for hotels, restaurants, cafes, takeaways, sport and leisure activities and all other entertainment services. We typically like lending in the general leisure market based in retail or industrial premises with alternative use, not specialist leisure properties.
We look for:
Coffee Shops, Cafes.
Pubs or takeaways in prime high street or good secondary locations. 
Assets let to multiple, well-established operators.
Leases of 5 years or more. 
Strong alternative use without prohibitive costs to convert. 
Good re-let period and EPC rating. 
What we won't do:
Wet-led pubs which are in tertiary or remote locations. 
Gyms / soft plays and other specialist leisure assets. 
Sports clubs. 
Hotels, night clubs etc. 

Check through our product criteria

Find out more about our risk appetite before you apply. 
 

How to apply

Check out our useful guides and find out more about our processes and support that we offer. 

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