£17 million deal unlocks potential for growth

A leading property firm has consolidated and refinanced its portfolio in a deal worth £17 million, to accelerate the strategic growth of the business.

Tetra Real Estate Limited (formerly the main portfolio of The Wigley Group) based in Stockton in Warwickshire, has consolidated assets from its sister company, Waterloo Capital Limited, and refinanced the portfolio with NatWest.

Coming three months after Tetra Real Estate and Waterloo Capital were created as part of the strategic reorganisation of

The Wigley Group, the deal brings Tetra Real Estate’s portfolio to over £60 million and unlocks additional capital for growth.

Alongside Tetra Real Estate, the restructure formed holding company Wigley Investment Holdings Limited as part of a reorganisation of the group’s businesses and family assets.

The consolidation and refinancing were orchestrated and managed by Chris Parsons, new Managing Director of Tetra Real Estate and Waterloo Capital.

He said: “This is an exciting time to have taken over the leadership of Tetra Real Estate. By consolidating and by refinancing our portfolio we can accelerate our growth plans following the strategic reorganisation of the business.

“It’s an important next step, which points to a strong outlook, but reflects the foundations which have been put in place by my predecessors, most recently, James Davies and the Wigley team.

“The strength and growth of the portfolio over the last 17 years is what has enabled us to secure the additional capital which will underpin our ambition.”

The deal consolidates a portfolio of commercial properties including industrial units at Endemere Road, Coventry,