Liverpool property firm secures seven-figure loan

Liverpool property firm Berkeley Shaw Real Estate secures new working capital loan believed to be worth seven figures. Tony McDonough reports

Berkeley Shaw
Caroline Hurley of FW Capital with Berkeley Shaw owner John Baybut

 

Berkeley Shaw Real Estate has secured a “significant” working capital loan.

This new cash injection, believe to be a seven-figure amount, is from NPIF II – FW Capital Debt Finance, which is managed by FW Capital as part of the Northern Powerhouse Investment Fund II.

Liverpool-based Berkeley Shaw has just completed two acquisitions – Preston-based PR Lettings and well known Maghull estate agency Ian Crane. This money will be used to support future growth ambitions.

Owner and managing director John Baybut said: “It’s been a pleasure to welcome so many new colleagues and clients into our business.

“We have the technology, people and funds to build a leading regional sales and management business, and we remain firmly on the lookout for the right clients and right acquisitions.”

Berkeley Shaw Real Estate already manages more than a billion pounds of assets for clients, including some of Liverpool’s best-known apartment developments.

Most recently documents filed on Companies House revealed Berkeley Shaw Real Estate has net assets of just over £73,000. However, parent company Berkeley Shaw Holdings, which includes several Berkeley Shaw entities, has net assets of more than £1m.

John believes there is an appetite from developers and pension funds for local property agencies with established and proven supply chains.

The business, which has offices in Liverpool, Crosby, Formby, Maghull, Southport and Preston, employs around 40 staff and recently hit the national headlines after being tasked with selling Jurgen Klopp’s former home in Freshfield.

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Berkeley Shaw’s property management arm is responsible for prime residential buildings such as Waterloo Warehouse, Beetham Tower and Wapping Quays.

Commercial sites under its care include Stephenson Way industrial estate in Formby and numerous warehouses in and around Liverpool docks.

Caroline Turley, investment executive at FW Capital, added: “We have been very pleased to support Berkeley Shaw with the working capital needed during this period of growth.”

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