Aureon Partners

Investec Bank plc, a leading international bank and wealth manager, today announces that its Real Estate team has provided a £42.3 million loan to a joint venture between Aureon Partners, advising the Quilvest real estate funds, and Arax Properties. The loan is secured against Falcon Business Park, Meadow Lane, Loughborough (LE11 1HL).

The facility refinances the sponsors’ existing financing on the fully let, income-producing estate and provides additional funding to support the development of five new speculative industrial units within the park. The existing estate extends to c.635,000 sq ft and is fully let to a diversified occupier base, while the new build phase will deliver a further c.108,000 sq ft of modern industrial space, taking the park’s total built floor area to c.743,000 sq ft (c.841,000 sqft including open storage land).

Aureon Partners and Arax’s business plan is focused on sustaining the estate’s contracted income while delivering high-quality new units designed to meet continued demand for well-connected Midlands industrial accommodation. The site benefits from strong transport links, including close proximity to the A6 and M1 (Junctions 23 and 24), as well as East Midlands Airport and Loughborough rail station.

Tom Griffiths, Investec Real Estate, said:

“This transaction reflects a focus on delivering financing that supports both immediate priorities and longer-term plans. By refinancing the stabilised estate while funding new development within the park, Investec has provided Aureon Partners and Arax with a structure that offers near-term certainty and the flexibility to pursue value creation over time.”

Andreas Rentsch, Aureon Partners, said:

“We are delighted to partner with Investec on our investment in Falcon Business Park. Their understanding of the asset and the local market was combined with a highly responsive and solutions focused approach.  We look forward to delivering the next phase of our development at Falcon Park North which with them.”

This transaction builds on Investec Real Estate’s strong track record of supporting UK industrial and logistics assets. Recent examples include Investec REALIS and Wrenbridge’s £50 million North Cambridge development opportunity, which will deliver circa 80,000 sq ft of flexible commercial space for occupiers including logistics users; Investec REALIS’ £90 million GDV urban logistics deployment in partnership with Wrenbridge, delivering speculative development across Greater London and the South East; and the £135 million facility provided to CDS Superstores Limited to refinance two major logistics assets in Stowmarket and Avonmouth, totalling 2.3 million sq ft of distribution capacity.

Investec’s Real Estate Finance team provides flexible, responsive lending solutions across the real estate cycle, including senior investment and development debt, with a focus on delivering structures tailored to client needs.