Melrose lines up £5m refinancing
Blackpool property company Melrose Investments has completed a £5m funding package according to BusinessDesk.com.
The group operates a portfolio of more than 100 residential and commercial units, including the 200-year-old Marsh Mill craft village and office complex in Wyre.
Melrose has re-mortgaged with the Lytham branch of Handelsbanken. The firm was advised by the commercial property team at law firm Napthens in Blackpool.
Melrose’s finance director Russell Dawson said:
“Melrose already has a very solid base and we needed some flexibility to continue our growth strategy which this new package supplies.”
Chris Strahan, branch manager for Handelsbanken in Lytham, said:
“We are excited to be working with such a solid and well established local business whose focus on providing outstanding service to its customers mirrors our own.”
The company employs 10 staff at its headquarters, with a further 50-60 during construction projects, plus subcontractors.