Bruntwood SciTech announces £185m green funding deal

Bruntwood SciTech has agreed a three-year £185m funding deal to boost sustainable developments in its property portfolio outside of London.

Lloyds Bank led the transaction as Green Loan coordinator on the investment loan. Santander, NatWest, HSBC and Lloyds Bank took equal 25% shares in the combined £185m facility.

Bruntwood SciTech, a joint venture between Bruntwood and Legal & General, will use £60m of the funding to develop 400,000 sq ft of specialist workspace at its Circle Square development.

The specialist workspace will be developed at buildings 2, 3 and 4 Circle Square.

The remaining £125m