United Kingdom Commercial Real Estate

Commercial real estate financing solutions in the UK and Ireland

  • Pan-UK and Republic of Ireland coverage
  • All major asset types
  • Loan sizes typically greater than £20 million
  • A wide range of lending products, including
    • Investment finance
    • Development finance
    • Corporate facilities
    • Floating and fixed rate loans
    • Fund finance
    • Portfolio lending

We also offer a range of associated products and services to real estate customers, including loan-on-loan financing, debt capital markets, and derivatives.

The UK commercial real estate team is based in London and combines local market expertise with the size and strength of Wells Fargo and its long established real estate franchise.

Our debt products cover a wide spectrum of funding requirements and we lend against all major real estate asset types.

We work closely with the Wells Fargo global business to provide our customers with comprehensive financial solutions.

Management team

Max Sinclair
Head of UK Division

+44 (0) 20 7759 7645

Michael Acratopulo
Head of Origination

+44 (0) 20 7759 7608

Scott Bottles
Senior Credit Officer

+44 (0) 20 7759 7450

Senior CRE contacts

Nicolas Brandebourger
+44 (0) 20 7759 7463

Shaun Connery
+44 (0) 20 7759 7479

Richard Craddock
+44 (0) 20 7759 7483


Stacey Flor
+44 (0) 20 7759 7651

Tim Gibb
+44 (0) 20 7759 7648

Robert Maddox
+44 (0) 20 7759 7625


Charles N. Roberts
+44 (0) 20 7759 7639

Michaela Robinson
+44 (0) 20 7759 7461

John Rubbert
+44 (0) 20 7759 7671


Sarah Stafford
+353 1 436 5795


Other contacts

Matthew Bennett
Head of Property Underwriting

+44 (0) 20 7759 7610

Martin Read

+44 (0) 20 7759 7604

Margot Waddup
Head of Syndicated Finance

+44 (0) 20 7759 7680



Recent transactions

£99 million

Investment facility
Agent & Arranger
August 2015

£81 million

Refurbishment facility
Agent & Arranger
July 2015

£38 million

Investment facility
Agent & Arranger
July 2015

Real Estate Merchant Banking

We can help you with non-standard opportunities, including:

  • Loan-on-loan financing
  • Subordinated debt
  • Preferred equity
  • Recapitalisations

Advisory services

Eastdil Secured is a wholly owned subsidiary of Wells Fargo. In the U.S., Eastdil is well-established in sell-side brokerage and public and private capital raising. Its European office offers advisory services in the UK and throughout the rest of Europe.


We offer a full array of interest rate, foreign exchange, and other hedging products, and can ensure derivative delivery is fully integrated with the related financing.


Our UK syndications team has significant experience arranging and syndicating loans, with more than £7 billion distributed since 1999. Along with underwriting facilities, we can form club deals to provide investors with a single point of contact within a larger capital pool.

Subscription lines

We have a global team dedicated to the subscription line business and work with a wide range of clients across all private equity sectors. Since 2012 we have arranged more than 250 transactions ranging in size from $25 million to $325 billion.

Debt capital markets

We offer a broad array of origination capabilities and distribution networks. As a market-leading U.S. private placement business, we can provide UK counter parties with access to U.S. capital markets. This team includes the former Eurohypo CMBS platform.

IPF Research Programme 2011-2015

Wells Fargo is a sponsor of the Investment Property Forum (IPF) Research Programme, the largest research programme of its kind in the UK. IPF conducts research on risk, depreciation, correlation, sustainability, pricing, and more. Short papers and forecasts, including the ones below, are available to the public. IPF members can access reports and publications from the last 12 months through the IPF resource library, which also includes a back catalogue of reports accessible to the public. 

Do foreign buyers compress office real estate cap rates?

September 2015

A research paper presenting the 2015 Nick Tyrrell Research Prize winning research. This research examines the relationship between foreign investment levels and capitalisation rates in European office markets. The research models transaction data and prime yields for 28 European centres over the period 1999 to 2013, concluding that foreign investment has a significant negative impact on capitalisation rates. The results raise implications for pricing, local market analysis, and office market segmentation.

Short Paper: UK development finance review 2015

September 2015

A Short Paper that extends earlier research for the IPF paper "Outlook for Development Finance 2011." The research examines changes in the market since 2011 and assesses the availability of development finance in 2015, whilst exploring current debt terms and whether there is sufficient debt provision. The research also comments on the market outlook and the impact of banking regulation. Regulatory capital requirements for development loans are outlined in an appendix, with particular reference to Basel II.

Mind the viability gap: Achieving more large-scale, build-to-rent housing

September 2015

A briefing paper explaining how the build-to-rent sector could provide an accelerated path to meeting the UK’s housing demands. A comparative analysis of the build-to-rent and build-to-sell sectors identifies the barriers to market, such as the build-to-rent sector’s lower annual rate of return that falls short of investors' requirements. Solutions are suggested, including consideration of affordable housing allocations, planning conditions, covenants, and vendor land receipt levels. Appendices provide an illustrative development appraisal, together with a policy overview.

Investment Property Forum UK Consensus Forecasts summary report

August 2015

A summary of analysis from August 2015 Consensus Forecasts of rental and capital value growth and total return forecasts for all major UK sectors, including the central London office market. The economic setting is discussed and forecasts presented by sector until 2019 and type of forecaster (property advisors, fund managers, and equity brokers) until 2017. Forecasts for 2015 have continued to strengthen, and capital value growth continues to drive returns.