Charles Street Finance provides £2m facility to support industrial park expansion

By Bridging Loan Directory 9th June 2026

Charles Street Finance has agreed a structured finance package, including a £2m revolving credit facility, to support the growth plans of Welsh industrial property operator SiteQuest Offices Ltd.

SiteQuest, which operates Quinton Hazell Enterprise Parc in Conwy, sought to refinance its existing commercial mortgage and release equity to support future acquisitions after its existing lender was unable to extend borrowing.

Charles Street provided a commercial mortgage secured against the company’s portfolio, which includes Quinton Hazell Enterprise Parc alongside shops and semi-commercial properties across North Wales.

Alongside the refinance, Charles Street agreed a £2m revolving credit facility, providing SiteQuest with access to funding over the next three years.

The facility allows funds to be drawn within 48 hours without repeated underwriting and has already supported two acquisitions, including an industrial park purchased at auction.

Carl Graham, Corporate Relationship Director at Charles Street Finance, said:

“It was clear that the SiteQuest team had exceptional experience in their field and a robust portfolio business.

By structuring a bespoke two-tier finance package, we have been able to provide the immediate liquidity they were seeking and long-term financial support for them to seize opportunities in the resilient industrial and logistics sectors.”

Bob Blackwell, Director of SiteQuest Offices Ltd, said:

“With excess equity tied up in property we needed a partner that could work with us to create a flexible facility which would enable us to move quickly when opportunities arise.

The Charles Street team captured our vision and ambition and responded with a structured finance response that has enabled us to react swiftly as well as support a longer-term view to our plans.”