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BREAL DEALS. REAL ACHIEVEMENT.

Company: BREAL Zeta supports Zetland’s portfolio strategy with £45.3m Real Estate facility

Line Size: £45,300,000

Description: BREAL Zeta has completed a flexible £45.3m Real Estate Facility enabling Zetland Capital Partners LLP to leverage the portfolio of 36 property assets that the firm acquired in November 2021. The transaction supports the continuation and effective execution of the London-based Private Equity firm’s portfolio strategy. The innovative funding facility is the first of its kind since BREAL Zeta was established.

The previous acquisition, for an undisclosed sum, was one of the largest UK leisure real estate transactions in 2021.

Annabel Todd, Regional Business Development Director, BREAL Zeta, commented: “We are happy to have completed this transaction with Zetland. The structure and facility show BREAL Zeta’s ability to look at asset classes in isolation, especially real estate, which ABLs ordinarily don’t have an appetite for. It is a fantastic portfolio with lots of opportunity and we look forward to working with Zetland and seeing the strategy implemented.”

Robert Wakeford, Managing Director, UK Sales at BREAL Zeta, said: “We were excited to work with the team at Zetland Capital to provide a flexible funding facility against a significant and diverse portfolio of real estate assets in a landmark deal for BREAL Zeta. It was good to have the opportunity to support the rapidly recovering leisure sector by leveraging significant property assets that will generate value for further investment.”

BREAL Zeta had legal advice from Gateley (English Council), Walkers (Guernsey Council) and MacRoberts (Scottish Council). Valuations were provided by Savills. Zetlands was advised by Credavis Capital (debt advisory), BCLP (legal), Brodies (Scotland) and Mourant (Guernsey).

BREAL Zeta offers structured, multi-jurisdictional ABL facilities from £5 million to £150 million that deliver working capital and corporate structuring solutions.