Just Group has completed two investments totally £23m, secured against two separate UK pub portfolio with long-term leases.

One of the two five-year amortising loans provides financing of around £13m for Pantheon Holdings’ portfolio which is secured on central London pubs. The properties are occupied by Greene King on long-term leases with a Weighted Average Lease Length (WALL) of 19 years.

The second loan of around £10m supports Cygnus 1 Unit Trust with the facility backed by regional pubs across the UK let to major operators in the sector (such as Greene King, Marston’s and Stonegate) on long-term leases with a WALL of 22 years.

The proceeds of the loans will primarily be used to refinance existing debt and provide expansion capabilities for the UK pub portfolios.

Director of credit and portfolio management at Just Group, Mohamed Tabi, commented: “We invest to deliver long-term income for policyholders and lasting value for stakeholders. With more than a decade of experience investing in real estate, we continue to demonstrate underwriting strength and the ability to originate premium, long income alternative assets backed by high-quality counterparties.”

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