Metro Bank boosts a Barnsley shopping mall with £17.3m

London’s Metro Bank has today (October 23) provided Capreon, the asset manager of the Alhambra Shopping Centre in Barnsley, with £17.3m in funding.

The capital aims to assist with operations and management of the asset and should see Capreon further solidify its relationship with Metro Bank.

Rob Mackenzie-Carmichael, director at Capreon said: “Working with Metro Bank on this transaction has been a pleasure from day one to completion.

“Their professional and flexible approach has been well received and we look forward to working closely with the whole Metro team again, as we look to source finance for new opportunities in the future.”

The Alhambra Shopping Centre is a dual level centre located in Barnsley’s town centre, which houses over 40 stores including Primark, Wilko, Next and TK Maxx.

The centre has recently been heavily invested in, resulting in a popular shopping area. It has an average weekly footfall of 116,000 visitors and last year was visited by 6.6m shoppers.

Commenting on the funding solution, Mark Stokes, managing director of commercial banking at Metro Bank, added: “We’re delighted to have been able to support the group with a significant capital injection.

“The organisation has an impressive track-record and a wealth of sector experience, and we look forward to building a long-term relationship with the team.”

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