Residential deals

This latest facility follows a £32.8m loan by Investec to Meadow in 2016 to help fund the acquisition of land and the development of an 84,452 sq ft data centre, in the same Docklands area. The bespoke loan structure will allow Meadow to refinance incumbent debt and to progress with its business plan of achieving planning for a 319 unit residential scheme.

The building will have fully integrated care and health facilities alongside a first-class restaurant, hydrotherapy pool, spa, gym, private members’ club, café, gardens, library, consulting rooms and cinema. Bespoke care will be provided through a partnership with London’s leading nursing and care provider, Draycott Nursing. Investec has supported Auriens throughout the process, as it recognises the need to invests in luxury platforms aimed at an older audience.

The Wimbledon scheme comprises 58 residential units, ranging from single bedroom to 3 bedroom apartments, 6,600 sq. ft. of office space and 23 basement car parking spaces. The development completed in September 2016. Linden Homes is the house building division of Galliford Try plc and is the fifth largest residential developer in the UK, delivering about 3,000 houses and apartments each year. Investec partnered with and assisted Linden Homes by providing a flexible joint venture funding structure on these well-located opportunities.

Galliard, founded in 1992, is a property development, hospitality and management group overseeing mixed-use, residential, hotel and commercial projects across London and southern England with a £1.1bn portfolio of more than 5,900 homes, hotels, retail premises and commercial properties. This deal, covered by Property Week and Estates Gazette, demonstrates Investec’s continued support of highly regarded, market-leading clients.