Brydell Partners

Our role

Investec has provided Brydell Partners, a UK-focused real estate investment manager, with two senior loans across three prime Oxford assets.

The two facilities are secured against a best-in-class purpose-built student accommodation (“PBSA”) scheme, a fully let workspace hub and a prime BREAAM Excellent office.

The Spireworks, a premium 140-bed PBSA scheme is located on Cowley Road, a student hub close to Oxford city centre and within walking distance of the University of Oxford colleges and Oxford Brookes University campus at Headington. North Bailey House, a newly completed and fully let office building, occupies a highly sought after city centre location and benefits from excellent connectivity. Newtec is a mixed-use SME hub offering a variety of amenities and local employment.

The assets sit within journey, an operating platform owned by Brydell Partners funds which supports innovation in key UK knowledge economies. journey is developing a network of spaces designed in collaboration with customers and stakeholders, in response to ground level requirements and supply shortages. The portfolio will include urban labs, incubators, workspace, mid-tech, storage, event space and supporting amenities including short and long stay residences. The loan provides journey with the capital to execute on its ambitious growth plans through new acquisitions and development commitments.

Ed Boughton, Director, Origination at Investec commented: “This financing reinforces Investec's commitment to providing our clients with flexible, tailored funding solutions that support long-term growth and value creation. We were pleased to deliver this facility in a timeframe that allowed Brydell Partners to execute on its business plan for the PBSA asset, while freeing up liquidity to enable Brydell to unlock new opportunities at a highly attractive market entry point.”

Jeff Mackenzie at Brydell Partners added: “We are pleased to establish a relationship with Investec. These financings allow us to re-invest capital into our exciting development pipeline across the journey portfolio and pursue bolt-on acquisitions. journey has aggregated 25 assets across Oxford, Cambridge and Manchester and continues to target new opportunities.”