Zorin secures £200m for UK SME resi development plays
American hedge fund giant Avenue Capital has pledged £200m to Luke Townsend's Sir John Beckwith-backed specialist property lender, for property development and investment loans for SME housebuilders in the UK.
What to read next
LendInvest secures £200m from National Australia Bank for UK buy-to-let push
National Australia Bank has pumped a "very substantial investment" into Christian Faes' property finance platform
By PrimeResi
New finance platform aims to deploy ‘in excess of £125m’ to SME resi developers in the next 12 months
Hilltop Credit Partners is being backed by Round Hill Capital, and has secured finance from Oaknorth Bank
By PrimeResi
Fairway’s resi fund snaps up £70m-worth of PCL property from Grosvenor, as blue chip investors look for a safe haven
"In macro-economic terms, Covid is just about as bad as it gets," says Leconfield and Fairway Capital founder George Brooksbank.
By PrimeResi
Most read
Changing of the guard at Knight Frank’s National Country Department
‘Stan’ Matthews steps up to lead £400mn-a-year operation after 23 years with the agency.
Warwick revives 1880s Notting Hill terrace as luxury resi scheme
Four top-spec residences will be released to the market throughout the autumn.
Billionaires’ Row mansion changes hands for £30mn
Official records reveal big-ticket resi deal on one of north London's most famous addresses.
US buyer lands super-prime pied-à-terre at The Whiteley
PCL buying agency sources off-market 3,000+ sq ft apartment at landmark Bayswater scheme, amid signs of 'real momentum' returning to the prime London market.
Knight Frank appoints new Group CFO
'Knight Frank is primed for growth and I am looking forward to helping deliver this,' says Chris Davis.
By PrimeResi
High-profile royal mansion heading for the private rental market?
Former home of Andrew Mountbatten-Windsor has 30 rooms and is said to cost £400k-a-year to run.
HMRC wins high-stakes developer tax battle
Tax authority said £5.4mn dispute potentially had £1bn implications.
Time vs Money: Ollie Marshall on the changing calculation for Britain’s wealthy
Top buying agent on the expats who left to preserve their money - but may ultimately return to preserve their time.
Trio of seasoned London agents sign to D&G’s self-employed broker model
Tania Smith, Dinishka Jayasena & Charlie Rosling previously held senior roles with the likes of Foxtons and Winkworth.
By PrimeResi
Prime London deal volumes pick up as buyers negotiate rather than walk
Latest numbers put transactions 2% above the five-year average - but it’s a very different picture depending on where you look.
LATEST ARTICLES
PCL heavyweight Willis joins Forbes-backed brokerage
EXCLUSIVE: Former Strutt & Parker board member signed up as Founder Partner and MD as Martin Bikhit builds out new UK luxury agency.
London Square picked for 133-home Waterloo scheme
Aldar-owned developer takes on resi element of major new health and life sciences quarter.
Constellation brings in former Six Senses chief to build new global luxury brand
Neil Jacobs to oversee new international collection spanning hotels, resorts and residences, including London landmarks The Connaught, The Berkeley and The Emory.
Zoopla returns to profit as home valuation activity jumps
Leading portal continues to shift focus from property listings towards becoming a 'data-driven homeowner platform.'
By PrimeResi
Well-known Marylebone pub set for prime resi reinvention
Beauchamp Estates says the old Beehive pub could become 'one of the most exceptional homes in the area,' after selling at asking price.
By PrimeResi