Structured Property Finance

You know your business. We’ve spent the time making sure we know it too.

  • For three decades, our specialist Structured Property Finance team has helped clients achieve the best possible return on equity with development and investment funding solutions across the residential, commercial, mixed-use and student accommodation sectors.
     
  • We partner with some of the UK’s most respected property corporate and private clients by examining each case on its merits; we don’t follow a set of pre-defined rules. We have a huge amount of repeat clients which are a testament to the service we provide, and the valuable relationships we have been able to build with them.



Our deals

City of London

One Bartholomew Lane

We provided a South African investor, represented by Pembrey Asset Management, with a senior loan to support its acquisition of One Bartholomew Lane in the City of London, from Hines UK. The vendor was acting on behalf of a sovereign wealth fund investor.  

Mitcham, South London

Valor Real Estate Partners

We provided Valor Real Estate Partners, the pan European logistics and industrial real estate investor, with a £27m senior loan to fund the speculative development of a 153,000 sq ft urban logistics park in Mitcham, South London. 

Guildford

Scape Surrey 2

We provided a joint venture between Scape UK and HG Construction with a £53.5m senior debt facility, to fund the development of 403 purpose-built student accommodation (‘PBSA’) beds, and 113 Co-Living units in Guildford.

Shoreditch, London

Cain Hoy International

We helped arrange £195m for the Stage Shoreditch LLP, to support its major £750m mixed-used redevelopment in Shoreditch known as The Stage. The Stage Shoreditch LLP is a consortium led by Jonathan Goldstein’s Cain International. 

Kingston upon Thames, London

James Taylor Homes

Investec Structured Property Finance provided James Taylor Homes a niche residential developer focused on creating high quality homes in London and the home counties, with a £25 million term loan, to fund the redevelopment of the former Antoinette Hotel in Kingston upon Thames, south west London, into 89 residential units.

City of London

One Bartholomew Lane

We provided a South African investor, represented by Pembrey Asset Management, with a senior loan to support its acquisition of One Bartholomew Lane in the City of London, from Hines UK. The vendor was acting on behalf of a sovereign wealth fund investor.  The Grade A office building, redeveloped in 2010 behind a retained historic façade, comprises 79,838 sq ft over 13 floors and is fully let to 11 tenants, a mix of technology and financial services companies, with a WAULT of four and a half years to expiry.

Located in the heart of London’s financial district, opposite the Bank of England, One Bartholomew Lane benefits from excellent transport links, with Liverpool Street underground and overground stations and London Cannon Street all within a five‑minute walk. Connectivity is set to be further enhanced by the completion of Crossrail, with access via nearby Moorgate Station. BNP Paribas Real Estate acted on behalf of Pembrey Asset Management, and CBRE acted on behalf of Hines.

Mitcham, South London

Valor Real Estate Partners

We provided Valor Real Estate Partners, the pan European logistics and industrial real estate investor, with a £27m senior loan to fund the speculative development of a 153,000 sq ft urban logistics park in Mitcham, South London.  The 48-month loan, agreed at up to 65% Loan to Cost, will support Valor through the planning, development and stabilisation periods. Valor acquired the site in January 2019 and proposed to redevelop the existing c. 110,000 sq ft estate into modern trade counter and mid box units ranging from 5,000 sq ft to 85,000 sq ft, suitable for a diverse range of occupiers. The site also has the potential to cater to a single tenant’s build‑to suit requirements. 

The well-located site benefits from excellent connectivity to both central London, which is less than nine miles away, and Greater London via the A23 and M25. Industrial supply is at record lows following conversion to alternative uses, particularly residential, thereby offering significant opportunity to capture rental growth over the medium term.

Guildford

Scape Surrey 2

We provided a joint venture between Scape UK and HG Construction with a £53.5m senior debt facility, to fund the development of 403 purpose-built student accommodation (‘PBSA’) beds, and 113 Co-Living units in Guildford. The scheme sits on the east border of the main University of Surrey campus and is scheduled to open for the 2020/21 academic year; with the Co-Living element following in 2021. This is the second Scape Surrey development in Guildford. Scape Surrey 1, directly adjacent to the new scheme achieved 100% occupancy across its 141 beds since opening for the start of the 2016/17 academic year, and it is the most oversubscribed property in Scape’s student portfolio.

The second scheme will be finished to a high quality ‘Scape’ specification throughout, with emphasis on communal space for students to share and socialise with their immediate neighbours. Amenities will include a large break-out reception area, cinema room, open plan kitchen area, laundry rooms and outdoor area, with similar facilities for the Co‑Living tenants.

Shoreditch, London

Cain Hoy International

We helped arrange £195m for the Stage Shoreditch LLP, to support its major £750m mixed-used redevelopment in Shoreditch known as The Stage. The Stage Shoreditch LLP is a consortium led by Jonathan Goldstein’s Cain International. The facility is part of a wider £390m club deal, where we lent £97.5m alongside Harel, the Israeli insurance group. Other lenders on the transaction were Lloyds, Bank of East Asia and the Bank of Communications and Lloyds acted as co-ordinator of the club. We have long supported the scheme, originally providing the Stage Shoreditch LLP with a £105m facility at the time of the original 2.3 acre land acquisition in 2015. Having supported the project from inception, the new facility represents our ongoing commitment to supporting our client throughout the life cycle of a project from acquisition to sale/stabilisation. 

Due for completion in 2021, The Stage will comprise 412 new homes, 50,000 sq ft of retail and leisure space, a health club from leading US operator Equinox and office space totalling 200,000 sq ft pre-let to co‑working group, WeWork. The Stage includes extensive public space and reflects the site’s location surrounding the historic remains of the Shakespeare’s Curtain Theatre where Romeo and Juliet was first performed. This will be showcased in a new visitor centre, adding a further world class tourist attraction celebrating the capitals rich cultural heritage.

Kingston upon Thames, London

James Taylor Homes

The 33-month loan, agreed at up to 53% Loan to Cost, will enable James Taylor to complete its second largest development to date, in a well located and proven market. Investec and James Taylor have been involved in numerous property development transactions together over the last decade including the Argo business Centre in Kilburn and 64 Lincoln’s Inn Field.

Investec also supported the client through a challenging planning process to increase the number of units by 12%. Once completed, the residential units will benefit from great local infrastructure and amenities, as well as good journey times into central London on two separate railway lines.

How we can help your business

Flexibility

We look at each application individually, taking a common-sense approach and analysing a variety of factors used to structure the deal. This means that we can often provide terms that wouldn’t fit into other lenders' "tick box" approach.

Agility and certainty

We know that getting a quick no can be as important as getting a yes so we aim to provide transparency in each new deal. Our ability to understand complexity and make quick decisions allows our clients to be agile in the market.

Expertise

We have a deep knowledge and understanding of experienced property developers' and investors' activities. We have experience in dealing with a wide range of clients, particularly mid-to-large sized corporates and institutional funds.

Our team

With more than 35 years of senior development lending experience, meet the people who will structure your transaction.
meet the team