Henley Property Finance (‘HPF) has confirmed a £16.65 million real estate debt deal over a 24 month term to Inspired Asset Management (‘Inspired’) for a new 82 unit scheme in Sutton.
Part of private equity real estate firm, Henley, HPF offers residential and commercial development finance for experienced developers with proven track records carrying out projects across the UK. The firm is backed by a series of global institutional investors and as such is able to offer flexible funding solutions on a wide variety of projects, including residential, hotels, serviced apartments and student accommodation.
Inspired specialises in high yield London residential property investment, focusing exclusively on developing and refurbishing housing for first time buyers in emerging locations in inner, greater, and commuter London. Henley’s deal with the company will fund the development of a 10 storey former office building in Sutton, which has planning permission to convert to 73 private residential units, in addition to two further floors providing nine new build residential units, delivering a total of 82 high spec, high tech apartments for first time buyers. The site has a gross development value of £22.8 million, with 36 pre sale exchanges already agreed, totalling £10 million.
Commenting on the deal, Ian Rickwood, Chief Executive Officer of Henley, said:
“HPF continues to ensure that Henley remains in a strong position to take advantage of attractive development opportunities across the UK. Our proven stock selection ensures we are confident of generating significant returns on behalf of our investors, and this latest deal allows us to partner with a proven developer in the construction of a major residential scheme in a highly sought-after borough of London.”
Established in 2006, Henley is a leading UK private equity real estate investor focusing on development, investment and asset management in the commercial, residential, healthcare debt and alternative real estate market. Since inception Henley has approximately doubled in size every year and is expected to do the same again in 2016. The company currently has around $1.25 billion assets under management (as of end of 2015).
Henley’s platform has nine separate divisions, all headed by an experienced entrepreneurial partner; including Henley Space, a prime London residential development, HCRE, an opportunistic commercial investment, Henley Healthcare Investments, HPF (Henley Property Finance) a debt focused business, Henley 360 a European light industrial vehicle, Henley Camland a land infrastructure business and Henley USA looking at new ventures including Waterwalk apartments. In addition, Henley is acting for a number of international family offices through its HFOA (Family Office Advisors) business, launched in February 2014. Henley is an entrepreneurial company that continues to back entrepreneurs.
For further information please contact:
Henley, Ian Rickwood CEO – 07717 134207
Redwood Consulting, PJ Appleton – 020 7828 5553
Redwood Consulting, Clare Hartshorne – 020 7828 5553
Award-winning Inspired Homes (www.inspiredhomes.uk.com) is part of Inspired Asset Management (www.inspiredassets.com) which specialises in high yield London Residential Property Investment, focusing exclusively on developing and refurbishing housing in emerging locations within Inner, Greater & Commuter London. It has a current portfolio approaching £500m.
CEO Martin Skinner is a seasoned entrepreneur and property investor, who has experienced many of the highs and lows of business and property investment over the years and remains a passionate advocate of small businesses, private investment and property development.
He set up, grew and sold his first technology business directly after leaving university with a Business Computing degree. He then developed a substantial high-yield portfolio of houses rented out to young professionals around Canary Wharf. Nice Group – a fast growing property development and management group – soon followed, as did two substantial joint ventures with large fund managers. After establishing portfolios of more than £150m (yielding more than 10% gross), Martin and his business partners sold 25% of their £30m operating business.
As an expert on London residential property, Martin is a regular speaker at Real Estate Fund Conferences & Forums including MIPIM, PIN, Euromoney & CASS Business School. He has also featured prominently in the BAFTA award winning BBC series The Tower, Property Week, the Financial Times and on BBC Radio 4 & BBC Radio 5.
20 April 2016 | Press Release by Redwood Consulting