Investec and Fairway Capital

Investec funds Fairway Capital's first prime central London residential acquisition



Investec Structured Property Finance has provided Fairway Capital £34.5m for the acquisition and redevelopment of nine luxury homes in prime central London.

This is the first acquisition by the Fairway Capital Property Fund — which closed an initial equity raise of £80m in July 2020.

The properties are located across Belgravia and Knightsbridge and include a mix of lateral apartments on garden squares, as well as mews houses,

The units will also benefit from the latest sustainable building design.

Fairway Capital will utilise Leconfield Property Group, which has developed over 150,000 sq ft of London residential property with a GDV in excess of £500m.

Daniel Carlisle, member at Investec Structured Property Finance, commented: “The Prime Central London market has been a bedrock of the Investec loan book since our inception, and with that has come significant insight into how market conditions have changed. 

“There continue to be pockets of London where demand far outstrips supply and our experience lending against these types of schemes, coupled with Fairway’s approach and development track record, underpinned our decision to provide this senior debt facility.”
 
George Brooksbank, founder of Fairway Capital, said: “What attracted us to Investec for this deal was not only their knowledge and track record, which we have experienced first-hand, but also their shared conviction [of] our strategy to deliver significant risk adjusted returns, despite the challenging macro backdrop."

George added the company was looking forward to working closely with Investec as the fund progresses.


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