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Downing backs Epsom horse training yard redevelopment with funding of £12.9 million
28/4/23
5 min
Property finance
News
Responsible investment manager Downing LLP is backing a horse training yard redevelopment and residential property development in a £12.9 million deal.
The scheme in Epsom, Surrey, will include the building of 12 one-bed and 30 two-bed flats as well as the redevelopment of a successful horse training yard at the site.
The redevelopment with a new client will include a new state-of-the-art racehorse training establishment plus accommodation for trainers and staff.
Downing’s Property Finance team’s latest deal builds on recent strong growth that has been achieved despite challenging market conditions. It focuses on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
The team believes its investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “We continue to see a growing number of attractive opportunities to provide funding to property developers despite the very tough macro conditions and a competitive market. The Epsom deal exemplifies our commitment to supporting SME developers and providing flexible and innovative financing.
“The development also provides additional benefits for the community. By updating the racehorse training facility, Epsom’s local economy will receive a boost, an important aspect for an area that holds significant horseracing heritage.”
Click here for more information on Downing Property Finance
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Responsible investment manager Downing LLP is backing a horse training yard redevelopment and residential property development in a £12.9 million deal.
The scheme in Epsom, Surrey, will include the building of 12 one-bed and 30 two-bed flats as well as the redevelopment of a successful horse training yard at the site.
The redevelopment with a new client will include a new state-of-the-art racehorse training establishment plus accommodation for trainers and staff.
Downing’s Property Finance team’s latest deal builds on recent strong growth that has been achieved despite challenging market conditions. It focuses on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
The team believes its investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “We continue to see a growing number of attractive opportunities to provide funding to property developers despite the very tough macro conditions and a competitive market. The Epsom deal exemplifies our commitment to supporting SME developers and providing flexible and innovative financing.
“The development also provides additional benefits for the community. By updating the racehorse training facility, Epsom’s local economy will receive a boost, an important aspect for an area that holds significant horseracing heritage.”
Click here for more information on Downing Property Finance
Share
Responsible investment manager Downing LLP is backing a horse training yard redevelopment and residential property development in a £12.9 million deal.
The scheme in Epsom, Surrey, will include the building of 12 one-bed and 30 two-bed flats as well as the redevelopment of a successful horse training yard at the site.
The redevelopment with a new client will include a new state-of-the-art racehorse training establishment plus accommodation for trainers and staff.
Downing’s Property Finance team’s latest deal builds on recent strong growth that has been achieved despite challenging market conditions. It focuses on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
The team believes its investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “We continue to see a growing number of attractive opportunities to provide funding to property developers despite the very tough macro conditions and a competitive market. The Epsom deal exemplifies our commitment to supporting SME developers and providing flexible and innovative financing.
“The development also provides additional benefits for the community. By updating the racehorse training facility, Epsom’s local economy will receive a boost, an important aspect for an area that holds significant horseracing heritage.”
Click here for more information on Downing Property Finance
Share
Responsible investment manager Downing LLP is backing a horse training yard redevelopment and residential property development in a £12.9 million deal.
The scheme in Epsom, Surrey, will include the building of 12 one-bed and 30 two-bed flats as well as the redevelopment of a successful horse training yard at the site.
The redevelopment with a new client will include a new state-of-the-art racehorse training establishment plus accommodation for trainers and staff.
Downing’s Property Finance team’s latest deal builds on recent strong growth that has been achieved despite challenging market conditions. It focuses on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
The team believes its investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “We continue to see a growing number of attractive opportunities to provide funding to property developers despite the very tough macro conditions and a competitive market. The Epsom deal exemplifies our commitment to supporting SME developers and providing flexible and innovative financing.
“The development also provides additional benefits for the community. By updating the racehorse training facility, Epsom’s local economy will receive a boost, an important aspect for an area that holds significant horseracing heritage.”
Click here for more information on Downing Property Finance
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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.
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