Just Group completes £136m refinancing for Oval Real Estate

Written by Adam Cadle

13/11/2025

Just Group has completed a £136m refinancing of Oval Real Estate’s Kensington portfolio, supporting the UK’s productive finance agenda.

The three-year loan is secured against a portfolio of seven multi-let Grade A office assets in London, Reading, Birmingham and Bristol. Spanning a total of 705,000 sq ft, each asset has been comprehensively refurbished and repositioned by Oval over the past five years, delivering modern amenities, high quality fit outs and strong ESG credentials.

This loan, completed in October 2025, was sourced by Just’s internal team, arranged by Moorhall Capital, who advised Oval on the financing.

Just Group has significantly increased its commercial real estate investment activity, deploying over £250m in the first nine months of 2025, an increase of £150m compared to the full year in 2024. Just’s strengthened in-house lending team and capability, enables it to execute large, high-quality transactions, building on a decade-long track record in commercial real estate, having deployed over £1bn across more than 50 loans since inception.

Mohamed Tabi, director of credit and private assets at Just Group, added: “Our growing investment in commercial real estate demonstrates our commitment to supporting the spaces and environments that deliver meaningful and positive social impact."

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