Barclays Corporate is providing £27 mln (EUR 31 mln) in financing to Manchester-based developer Patrick Properties. The three-year facility will help refinance a portfolio for which Royal Bank of Scotland and National Australia Bank, through Yorkshire and Clydesdale Banks, had provided debt.

Patrick Properties develops commercial schemes in the northwest region of the UK. To date, the company has primarily focused on new developments and refurbishments in the industrial, office and leisure sector. It aims to expand into retail and city-centre mixed-use schemes in the future.