Company

Pulse Property Services is led by experienced entrepreneur Mohammed Baz, a proven operator with a track record of transforming underperforming assets. Mohammed first joined Cheetham Hill Shopping Centre as a consultant, where he significantly increased footfall and helped to re-establish the location as a viable retail destination. After this, he took on the head lease for the centre, investing funds to further regenerate the location.

Funding Requirement

Our client required a £1.6m facility at pace after being let down at the eleventh hour by another lender, enabling Pulse Property Services to acquire Cheetham Hill Shopping Centre complex and to support the next phase of the site’s ongoing regeneration.

Finance Solution

Reward stepped in quickly to structure the funding covering acquisition and associated costs throughout the transaction and subsequent transformation.

Martyn Evans, Business Development Director for Reward Funding, added: “This deal shows exactly why Plan Alternative exists. To back proven operators with time-critical opportunities. At a time when other lenders are cautious around the retail sector, we focus on the fundamentals of the business and the strength of the team behind it. Mohammad has demonstrated a clear ability to transform assets, and we’re incredibly proud to be supporting the next phase of growth.”

Results

With multiple factors in play, the strength of the relationship with the introducing broker also supported the deal. This, paired with our continued willingness to support opportunities in a sector many lenders now avoid, highlights why Reward was the right partner from the outset.

Client Testimonial

“When the opportunity came up to purchase the shopping centre, I knew it was something I could not turn down. Reward understood both the asset and our long-term vision immediately and moved quickly to ensure the funding was secured and the deal could go through.”

“Their pragmatic approach and willingness to structure a deal in this sector has allowed us to continue the regeneration of a centre that we have spent years rebuilding.”

Mohammed Baz, owner and director of Pulse Property Services