Investors in the Northampton-based company’s platform — which targets a 25% return on capital over the period of each scheme — will be given the opportunity to invest and access value in the regional residential development market.
The platform invests in 12–15 new residential development projects per year and aims to fund approved small local developers with schemes that have between five and 25 houses.
- DFT roundtable: Strong QS relationships, communication and resistance to tech during the evolution of a scheme
- Barwood Capital to provide funding to care home developer
- UTB and Barwood Capital to fund barn conversions into luxury homes
BRIP I has invested to build 57 homes across five sites in New Malden, Kingston upon Thames, Sutton in Bedfordshire, Benenden in Kent, Tongham in Surrey, and Deanshanger near Milton Keynes, with a total GDV of £24m.
BRIP II — which has an expected total GDV of more than £25m — has invested in a new home development in Wimbledon, co-invested in BRIP I’s project in Deanshanger and has projects in solicitors’ hands in Brighton and Burnham Market.
Barwood Capital is expected to raise investment for BRIP III in January 2020 with the same target for fundraising and return as BRIP I and II.
Steve Chambers, director at Barwood Capital (pictured top), said: “We have seen a strong uptake in our platform with new and repeat investors gaining access to a geographically spread portfolio of diverse projects that would otherwise be inaccessible to individual investors.
“We are supporting local regeneration and small developers, rather than large PLCs, to build much-needed new homes.”