September 29, 2026
Shawbrook completes £60.5m refinancing for Grace Real Estate Partners

Shawbrook completes £60.5m refinancing for Grace Real Estate Partners

Five-year facility supports the next phase of Grace’s 832-unit Northern Portfolio strategy Shawbrook has completed a £60.5m, five-year interest-only senior facility for Grace Real Estate Partners, refinancing its 832-unit Northern Portfolio and supporting the next phase of its investment and asset management strategy. The transaction represents the largest facility completed

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Issue 344 : Sep 2026

September 29, 2026

M Group launches first Sustainability Strategy alongside 2026 ESG Report

M Group launches first Sustainability Strategy alongside 2026 ESG Report

Five-year plan commits M Group to 100% electric company cars and a 42% cut in Scope 1 and 2 emissions by FY30, as FY2026 results show emissions are already 20.7% below baseline.  M Group, the UK’s leading infrastructure services partner, has launched its first Sustainability Strategy, turning its environmental, social and governance priorities into a clear set of measurable commitments through to 2032. The move comes after the Group unveiled record levels of revenue, profit and order book in its FY26 results.  Published alongside M Group’s FY2026 ESG Report, the strategy follows the Group’s first Double Materiality Assessment, carried out with independent sustainability advisers ERM. It focuses on seven material outcomes across three pillars: Environmental Stewardship, Social Responsibility, and Trusted Operations.  The Group Operations Board has endorsed the strategy, with each outcome given a named executive owner and sitting within M Group’s risk and assurance processes, with progress reported annually.  The strategy’s headline commitments include:  The accompanying FY2026 ESG Report records:  Andrew Findlay, M Group Chief Executive, said: “We support the country’s critical regulated businesses to deliver vital services for communities across the UK, and they need like-minded partners who can help them deliver their binding environmental commitments. Our ambition is simple: to leave things better than we found them – better infrastructure, better careers and a better business for those who come after us.”  Andrew Hunt, Director of ESG and Innovation at M Group, said: “The report shows how we’ve performed; the strategy sets out where we’re going. Each material outcome has an owner and a measurable target or milestone, and we’ll report progress every year. This is the direction our business is heading, will measure, and be held accountable to.”  M Group’s Sustainability Strategy 2027-2032 is available here and the ESG Report 2026 is available here  Building, Design & Construction Magazine | The Choice of Industry Professionals

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Shawbrook completes £60.5m refinancing for Grace Real Estate Partners

Shawbrook completes £60.5m refinancing for Grace Real Estate Partners

Five-year facility supports the next phase of Grace’s 832-unit Northern Portfolio strategy Shawbrook has completed a £60.5m, five-year interest-only senior facility for Grace Real Estate Partners, refinancing its 832-unit Northern Portfolio and supporting the next phase of its investment and asset management strategy. The transaction represents the largest facility completed by Shawbrook to date. The facility is secured across a residential portfolio in Newcastle and the wider North East. It provides Grace with a long-term capital structure as it continues to optimise income, invest in the quality and energy efficiency of the assets, and capture further rental and operational upside. Grace, a UK-focused real estate investment and asset management firm, entered the Newcastle market in 2023 with the acquisition of a 478-unit residential portfolio. In June 2025, it acquired a further 354 self-contained studios across three freehold buildings in central Newcastle, creating a residential cluster of 832 units. Following the execution of its value-add strategy, Grace sought to refinance the portfolio’s existing debt and move the assets beyond the acquisition and initial value-creation phase into a period of continued optimisation and income growth. Since acquisition, the portfolio has achieved a c.22% uplift in value over aggregate acquisition value, supported by rental growth, targeted capital expenditure, improved occupancy and the professionalisation of operations. Grace’s modernisation and energy-efficiency programme has also been delivered on time and below budget to date. Shawbrook’s Structured Real Estate team worked closely with Grace to understand the portfolio’s income performance, its vertically integrated operating platform and its wider business plan. The resulting facility was structured to align with the established income profile of the assets and support continued investment across the portfolio. Tirath Singh, Head of Structured Real Estate at Shawbrook: “We are delighted to support Grace with this significant refinancing. The portfolio’s strong performance reflects targeted investment and active management. By understanding the assets and wider business plan, we provided a flexible, long-term facility to support the next phase.” Georges Tohme, Founding Director at Grace Real Estate Partners: “Shawbrook and their professional and dedicated team engaged with both the portfolio and our wider business plan from the outset, and that understanding was central to delivering a transaction of this scale with certainty. Since our initial investment in Newcastle in 2023, we have built significant operational scale, strengthened income performance and continued to invest in the quality and energy efficiency of the assets. The new facility provides an appropriate long-term capital structure for the next phase of our business plan. We are thrilled with the outcome of this refinancing.” Building, Design & Construction Magazine | The Choice of Industry Professionals

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