Investec con Bank of Ireland finanzia per £80 mn la JV Henderson Park e Greystar per un progetto di 257 unità Build to Rent a Walthamstow , Londra

Investec Structured Property Finance announces that it has provided a joint venture between Henderson Park, the pan-European private equity real estate platform, and Greystar, the global leader in rental housing, an £80 million loan in conjunction with its partner Lender, Bank of Ireland. The five year facility will fund the delivery of a 257-unit Build to Rent (BTR) scheme on the three-acre Equipment Works regeneration scheme in Walthamstow, London.

Half of the finance package was arranged with Bank of Ireland, with Investec providing the balance, demonstrating Investec’s ability to structure club deals both domestically and internationally for the benefit of its global client base.

Acquired by the JV in January, construction work has already commenced, with the development scheduled to complete in 2021. The highly amenitised scheme will aim to provide occupiers with a best in class tenant experience.

Equipment Works is the £130 million mixed-use regeneration project in the borough of Walthamstow, North East London, aimed at transforming the current warehouses where Blackhorse Lane meets Forest Road into a residential-led mixed-use development. Located opposite Blackhorse Road station, London King’s Cross is accessible within 20 minutes via the Victoria Line.

Investec’s Structured Property Finance team has over 25 years’ experience in real estate, with a focus on developing close and exceptional partnerships with clients to provide solutions for deals requiring funding of £5 million upwards. With specialist knowledge across the residential, commercial, mixed-use and student accommodation sectors, Investec’s flexible approach to development and investment funding has delivered consistent loan book growth to an increasingly diverse range of clients.

Source : Company