beaufort capital

Burrington Estates secures mezzanine funding from Beaufort for £45m GDV Berkshire residential development



Beaufort Capital has completed a mezzanine loan to Burrington Estates for a residential development in Binfield, Berkshire.

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The project — with a GDV of over £45m — is set across two sites and will offer 93 family homes.

The units will include a mix of detached and semi-detached three- and four-bedroom homes, each with private gardens.

The scheme will also feature affordable homes, as well as landscaped communal gardens. 

The ?rst houses are expected to be completed by Q1 2022.

The debt provided by the first-charge lender, along with Beaufort providing the mezzanine finance, totalled £32m.

Mark Edworthy, managing director at Burrington Estates, said: “We are delighted to have completed our first transaction with Beaufort Capital.  

“They worked quickly and effciently to achieve our completion deadline.”

Mark Quigley, managing director at Beaufort Capital, commented: “Burrington Estates is a highly regarded property developer in the residential sector and we are delighted to be supporting Mark and his team on this excellent development.  

“The site is located in a much sought-after area in Berkshire and the houses being built are likely to prove very popular with potential buyers.”



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