Just Group leads €130.5m Arada refinancing deal

UK financial services company Just Group has completed a £111 mln (€130.5 mln) refinancing deal for property developer Arada London.

The Clarendon Works, Watford

Just Group invested £105 mln (€123.5 mln) of this amount to replace three existing lenders and help Arada London achieve its expansion goals.
The four-year loan is secured by three premium office buildings in Hertfordshire and London: Clarendon Works, the Senna Building, and the Laundry Building. These properties are notable for their strong ESG standards and contribute to UK economic growth by providing increased business capacity.
The refinancing, finalised in January 2026, was facilitated by Rothschild & Co, a real estate investment manager for Just Group. 
Mohamed Tabi, director of Credit and Portfolio Management (Private Assets) at Just Group, said: “Just Group allocates significant institutional capital to secure assets that provide long-term economic and social value to the UK. This loan, refinancing three high-quality office properties with strong ESG credentials, is another example of how Just supports commercial real estate operators and developers.”
Jonathan Seal, CEO at Arada London, commented: “This refinancing marks an important milestone in Arada London’s growth and is a strong endorsement of both our assets and our operating model. Our long-standing relationship with Rothschild & Co - across London, Switzerland and the UAE - has been instrumental in bringing together the right partners, and their advice and execution, alongside Just, have been first-class throughout. The performance of these buildings, as busy, well-managed workplaces with robust ESG credentials, demonstrates that sustainability and commercial success go hand in hand. This transaction gives us a strong platform for the next phase of our ambitions.”
Simon Osmond, managing director at Rothschild & Co, added: “We are delighted to have originated and worked with Just on this transaction to back the strong management team at Arada London, which has ambitious plans for future growth, following its capital injection in 2025. The properties securing the loan are best in class and provide a diverse mix of standard tenanted and flexible office space.”