QuadReal Property Group has completed £86M of loans across two transactions through its newly expanded lending platform, taking its total direct lending in the UK to more than £110M.

The first deal is a £56.5M loan to Heitman to refinance an eight-asset, 492K SF self-storage portfolio across Birmingham, Sheffield and Stafford, managed by Space Station. Six of the assets are operational and being leased, one completed in July 2025 and another expected to complete in March this year.

The second transaction is a £30M loan to Fiera Real Estate and Wrenbridge to fund the development of a 220K SF logistics facility in Reading. Construction began in December 2025 and is due to complete in December this year. The scheme will provide six suites across five buildings and is located south of the city, adjacent to the M4 motorway.

The latest transactions lift total direct lending by the platform, launched in the UK in October 2025, to more than £110M, following a £25.5M facility provided in October to Fiera Real Estate and Harleyford Capital to fund the development of 180K SF of institutional Grade A logistics space at Watford Works in London.

QuadReal said it plans to commit more than £2.5B over the next three to five years across the UK and Europe, building on the group’s U.S. debt business, which manages more than $12B of investments.

“These transactions represent an important milestone in the growth of our lending platform and demonstrate our confidence in the UK market," QuadReal Vice President of Real Estate Debt Derek Richter said in a statement.