GRE Finance fund Europe’s largest Pickleball and Padel hub
GRE Finance, working in partnership with Arc & Co, has completed a £2.8m senior loan facility to support the redevelopment of a c.60,000 sq ft industrial complex in Farnham, Surrey to create Europe’s largest Pickleball and Padel hub.
The property has been pre-let to HOPP (Home of Pickle and Padel) on a 15-year lease. Completion of refurbishment works will allow the lease to commence, securing long-term income and positioning the site as Europe’s largest pickleball and padel hub. With participation in these sports up by 65% in the past year and more than 40,000 active players in England alone, demand for new venues is accelerating across the UK and Europe.
The deal highlights GRE Finance’s expertise in structuring tailored capital solutions, alongside Arc & Co’s role in delivering creative approaches to complex funding requirements in often alternative asset classes.
Michael Mirelman, director at GRE Finance, commented: “This facility demonstrates GRE Finance’s ability to provide intelligent and flexible funding for high-potential projects. With pickleball and padel both booming, HOPP is creating a landmark destination in Farnham that will meet surging demand and bring world-class facilities to the UK. Working with Arc & Co, we are delighted to help deliver Europe’s largest pickleball and padel hub.”
Tom Berry, director at Arc & Co, added: “This was a project that required conviction, speed and a deep understanding of the underlying opportunity. GRE Finance’s pragmatic approach made them the ideal partner. Together, we have structured a facility that ensures the success of what will be the largest pickleball and padel hub in Europe. It is a great example of collaboration unlocking value.”
This is the second loan completed this year between GRE Finance and the borrower, further strengthening a trusted relationship and highlighting GRE’s ability to support repeat clients with flexible capital solutions.