Northridge Capital is a private equity real estate business focusing on residential, commercial and alternative opportunities in the UK and Europe. Charterhouse Lombard is an independently owned fiduciary firm with offices in the Isle of Man and Dubai. 

The £10.6m facility includes funds to refurbish the communal areas of the property which is home to 130 students. It further demonstrates Investec’s commitment to the purpose-built student accommodation (PBSA) sector and the bank’s ability to provide bespoke lending solutions for its clients.

In October last year, Investec Bank Plc published its third Future Living report, revealing global institutional investors attitudes towards the UK Living sector. PBSA saw the biggest shift in sentiment in the past two years, rising from tenth to first in terms of investor appeal, with over half (59%) of respondents optimistic about the prospects for the sector.

In 2022, Investec Group’s lending to the PBSA sector passed £1 billion, having funded 22,000 beds across 55 schemes in 23 cities since 2011. Click here for further information.

Rob Voce of the Investec Lending Team said, “I am delighted to have had the opportunity to support Northridge Capital on this transaction. They have a great track record of developing and operating high-quality student accommodation schemes. Investec Group continues to be one of the most active lenders in the PBSA space, which is a testament to the expert team we’ve built.”

Jon Wagstaffe, Trust & Corporate Banking in the Isle of Man Representative Office said, “We are extremely pleased to have the chance to once again work with Charterhouse Lombard and look forward to assisting both the firm and Northridge Capital in the future.”

Michael McCauley of Northridge Capital said,

“We are thrilled to be partnering with Investec on the refinance of Kingston Plaza. Their knowledge of the PBSA sector is second-to-none, and we appreciate their collaborative approach to financing. This project will provide a more modern space for students to socialise and relax, enhancing their sense of community and belonging.”

The Investec team consisted of Rob Voce and Susie Ryan in Jersey, and Jon Wagstaffe and Mark Beresford in the Isle of Man, get in touch

Get in touch with the Investec team

  • Rob Voce

    Robert Voce

    Robert Voce

    Lending - Jersey & Isle of Man

    Rob has responsibility for lending to Trust & Corporate Services clients in Jersey and the Isle of Man, with a particular focus on larger, complex property and corporate finance transactions. Rob joined Investec in 2021 having previously spent 15 years with a major UK bank, initially in London before moving Jersey in 2014. Rob’s lending experience includes corporate leverage, property lending, and fund finance. He holds a degree in Business from The University of Kent.

  • Jon Wagstaffe

    Jon Wagstaffe

    Jon Wagstaffe

    Business Developer - Isle of Man Representative Office

    I joined the Investec team in 2019 to help establish a new office on the Isle of Man. I work with local Trust and Corporate Service Providers assisting them and their clients with all aspects of banking. My primary role is to assist local Trust and Corporate Service Providers and their clients with all aspects of banking and I have considerable experience in both Corporate and Private Banking. I hold qualifications from the Chartered Insurance Institute, the Institute for Securities and Investment and the London Institute of Banking & Finance.

  • Mark Beresford

    Mark Beresford

    Mark Beresford

    Business Developer - Isle of Man Representative Office

    I am the Relationship Manager for the Isle of Man Representative Office. Along with Jon Wagstaffe, I am jointly responsible for driving the growth of the Isle of Man business with an initial focus on providing general banking and lending solutions to clients in the Isle of Man Trust and Corporate Services Provider (TCSP) sector. The Isle of Man office was first established in 2018 and moved to new premises in 2019, which presents a fantastic opportunity to promote Investec’s banking proposition to our Isle of Man clients. 

Get in touch with the Investec team

Robert Voce

Robert Voce

Lending - Jersey & Isle of Man

Rob has responsibility for lending to Trust & Corporate Services clients in Jersey and the Isle of Man, with a particular focus on larger, complex property and corporate finance transactions. Rob joined Investec in 2021 having previously spent 15 years with a major UK bank, initially in London before moving Jersey in 2014. Rob’s lending experience includes corporate leverage, property lending, and fund finance. He holds a degree in Business from The University of Kent.

Jon Wagstaffe

Jon Wagstaffe

Business Developer - Isle of Man Representative Office

I joined the Investec team in 2019 to help establish a new office on the Isle of Man. I work with local Trust and Corporate Service Providers assisting them and their clients with all aspects of banking. My primary role is to assist local Trust and Corporate Service Providers and their clients with all aspects of banking and I have considerable experience in both Corporate and Private Banking. I hold qualifications from the Chartered Insurance Institute, the Institute for Securities and Investment and the London Institute of Banking & Finance.

Mark Beresford

Mark Beresford

Business Developer - Isle of Man Representative Office

I am the Relationship Manager for the Isle of Man Representative Office. Along with Jon Wagstaffe, I am jointly responsible for driving the growth of the Isle of Man business with an initial focus on providing general banking and lending solutions to clients in the Isle of Man Trust and Corporate Services Provider (TCSP) sector. The Isle of Man office was first established in 2018 and moved to new premises in 2019, which presents a fantastic opportunity to promote Investec’s banking proposition to our Isle of Man clients.