10 May 2017
London
Reporter: Theo Andrew

Investec fund Savills IM and Epsilon joint venture


Investec has provided a £24 million senior debt facility to Church Walk House Property Developments, a joint venture between Savills Investment Management and Epsilon Real Estate Partners.

The funding will help the joint venture develop a residential scheme of 31 apartments and four townhouse units, in Finchley, London.

Work is expected to start on the project in July 2017. The investment releases capital utilised to acquire the site.

Hayley Scott, origination and structuring at Investec, said: “Church Walk is a natural scheme for us to support. As illustrated, we are keen to lend on the right projects, and structure our funding to create value for our clients, including large institutions and private equity firms with knowledgeable and credible real estate joint venture partners.”

James Whidborne fund director at Savills IM, said: “We’re very pleased to close out our first deal with Investec, and excited that Epsilon can now progress the project beyond planning. This is an important milestone for our Prime London Residential Development Funds, Church Walk being our eighth scheme in the delivery phase, with four further projects progressing through planning.”

He added: “We now have over 350,000 square feet consented and under construction across the two funds with a combined gross development value of circa £500m.”

More news
The latest news from Real Estate Investment Times
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
LaSalle closes £800 million debt fund
21 November 2017 | London | Reporter: Theo Andrew
The fund was supported globally, raising its funds from 17 limited partners across Europe, the Middle East, Asia and the US
EPIC warehouse acquisition in the pipeline
20 November 2017 | London | Reporter: Stephanie Palmer
Ediston Property Investment Company (EPIC) is set to acquire four retail warehouse parks in the UK from Stadium Group, for £144 million
HFF delivers $288.8 million loan for resi project
17 November 2017 | San Jose, California | Reporter: Theo Andrew
HFF has secured $288.8 million of construction financing for two luxury residential towers in San Jose, California
CBRE Capital Advisors chosen for £100 million fund
16 November 2017 | Belfast | Reporter: Theo Andrew
The Northern Ireland fund will provide debt finance for real estate, regeneration, low carbon and infrastructure projects. It has been appointed on a 15 year mandate
AXA IM - Real Assets hit final close on logistics club
15 November 2017 | London | Reporter: Theo Andrew
The fund, which seeks to invest in 1 million square metres of logistics developments across Europe, raised the equity commitments from four international institutional investors
LaSalle names European head in business restructure
14 November 2017 | Paris | Reporter: Theo Andrew
Karim Habra was previously head of France for LaSalle, and his appointment replaces the firm’s previous structure of naming country heads for Europe
L&G settles on UK retirement villages for £102 million
14 November 2017 | London | Reporter: Theo Andrew
The portfolio, not yet fully developed, will comprise of 694 units, located in Liphook in Hampshire; Faygate in West Sussex; Exeter in Devon; and Great Alne in Warwickshire