Cynergy Bank funds Glasgow landmark refurbishment

By Bridging Loan Directory 28th April 2023

Commercial property developer Highbridge Estates has completed the refurbishment of 24 St Vincent Place, a mixed-use commercial building in central Glasgow, following a £2.5m refinancing loan from Cynergy Bank.

Cynergy Bank’s highly experienced local team know the Scottish market well and were delighted to support the customer’s ambitions for growth.

Having recently relocated to a new Glasgow office from Edinburgh in 2023, the ability of the team to respond quickly was instrumental in securing the £2.5m five-year interest-only term loan.

The quality of the refurbishment helps Highbridge Estates retain strong tenants in a competitive office market.

Following Cynergy Bank’s financing, these works have brought one of the oldest red sandstone buildings in Glasgow back to the forefront of the central Glasgow office market.

Sebastian Wilson, Asset Manager, Highbridge Estates, says:

“Our experience with Cynergy Bank has shown that their team are very easy to deal with, commercial in all their decisions and listened to our needs during the financing process.

We very much look forward to growing our relationship with Cynergy Bank over the coming years.”

Kenny Stewart, Director, Cynergy Bank, comments:

“We’re delighted to have been able to assist the team at Highbridge Estates with the refinance of this property in the heart of Glasgow’s city centre.

This was our first transaction with Highbridge Estates, and we look forward to working together and developing the relationship in due course.”