REAFF House, Cambridge

Bidwells is delighted to have assisted in securing private investor backing to deliver a prime Grade-A office and restaurant scheme on Hills Road, Cambridge, one of the city’s most sought after business locations.

The transaction involved the transfer of ownership of the property-holding company and the introduction of private investor funding alongside a senior debt facility in a deal worth approximately £10m, creating the platform to bring forward the development that will be delivered and led by MPM Properties.

Richard Walden, Associate in Bidwells' Capital Markets team, said:
"This transaction demonstrates that investor appetite remains strong for well-located Cambridge development opportunities where there is a clear occupational story. By securing a funding solution that worked for all parties, we have enabled the next phase of a scheme that will deliver much-needed Grade A office accommodation in a location that continues to attract strong demand from knowledge-intensive businesses."

Located between Cambridge city centre and Cambridge Railway Station, the redevelopment will transform the existing Emperor pub site into a high-quality mixed-use building delivering approximately 12,917 sq ft of Grade A office accommodation and 2,971 sq ft of restaurant / bar space, while retaining the building's distinctive Hills Road frontage.