22 May 2025
Investec arranges £54.6m loan for two office to residential conversion projects
Investec Bank plc (Investec), a leading international financial services provider, announces that its Real Estate team has provided Signal Capital Partners, a London-based private asset management firm, with a £54.6 million club facility secured on two former offices which Signal has converted into Build to Rent (BTR) assets. The loan has been arranged in partnership with Allied Irish Banks (AIB), the Irish financial services group and long-standing Investec partner.
Sutton Park House, in Sutton, South East London, occupies a prime town centre location, adjacent to the train station, and will comprise approximately 149 BTR units. All apartments have their own balcony and residents still benefit from a range of shared amenities including co-working spaces, residents’ lounge and rooftop terraces. The scheme also includes 46 Discounted Market Rent (DMR) units, offered at 70% of market rent, supporting local affordability targets and aligning with the owner’s ESG commitments.
In Aylesbury, a popular commuter town less than one hour’s train journey from London Marylebone station, the redevelopment of regional banking offices will deliver 161 modern apartments, with total amenity space of 4,495 sq. ft including a games room, podium garden, cinema, gym and co-working space. This project forms a key part of the town’s wider £5 million regeneration initiative, aimed at revitalising the town centre and bringing underutilised buildings back into productive use.
Both buildings have minimum EPC B ratings, satisfying eligibility criteria for qualification under Investec’s Sustainable and Transition Finance Classification Framework.
Sebatian Walley of Investec’s Real Estate team, commented: “These projects directly address the critical undersupply in the UK of high-quality rental homes in well-connected urban locations, as well as the acute requirement for more affordable housing. Whilst not always possible, transforming existing buildings is significantly more carbon friendly than ground up development, and this approach typifies our commitment to supporting sustainable urban regeneration and our ability to structure creative, flexible solutions to meet complex borrower requirements.
“This is the Real Estate team’s first transaction with Signal Capital Partners and furthers our longstanding relationship with AIB.”
Henry Gray at Signal Capital Partners, added: “Investec seeks to partner with clients in their efforts to reduce carbon emissions by lending to projects that contribute to a transition to a lower-carbon economy. This focus reflects the bank’s ambition to promote sustainable growth and environmental responsibility, as well as its intention to work towards its net zero goals by 2050. These goals are enabled through activities including sustainable and transition finance and encouraging clients to pursue decarbonisation efforts.”
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