GRE Capital backs Europe’s largest Pickleball and Padel hub with £2.8m facility

GRE Capital, in partnership with Arc & Co, has completed a £2.8 million senior loan
facility to support the redevelopment of a 60,000 sq ft industrial complex in Farnham,
Surrey. The project will create Europe’s largest Pickleball and Padel hub, a landmark
venue pre-let to HOPP (Home of Pickle and Padel) on a 15-year lease.

Participation in pickleball and padel is rising rapidly across the UK, with more than
40,000 active players and annual growth exceeding 60 per cent. The Farnham site

will meet surging demand for high quality venues and position itself as the largest
destination for both sports in Europe.

Michael Mirelman, Director at GRE Capital, said:
“This facility demonstrates GRE Capital’s ability to provide intelligent and flexible
funding for high potential projects. With pickleball and padel both booming, HOPP is
creating a landmark destination in Farnham that will meet surging demand and bring
world-class facilities to the UK. Working with Arc & Co, we are delighted to help
deliver Europe’s largest pickleball and padel hub.”

Tom Berry, Director at Arc & Co, added:
“This was a project that required conviction, speed and a deep understanding of the
underlying opportunity. GRE Capital’s pragmatic approach made them the ideal
partner. Together, we have structured a facility that ensures the success of what will
be the largest pickleball and padel hub in Europe. It is a great example of
collaboration unlocking value.”

This is the second loan completed this year between GRE Capital and the borrower,
further strengthening a trusted relationship and underlining GRE’s ability to support
repeat clients with flexible funding solutions.