Downing LLP agrees £12.4 million property development loan with new client

18/5/22
5 min
Property finance
News
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Investment manager Downing LLP has expanded its client base with a £12.4 million development loan to renovate an existing farmhouse and convert agricultural buildings.

The deal with a new client based in Whichford near Shipston-on-Stour in Warwickshire will provide high-end residential units.

Following the renovation and conversion, the development will include three-bed, four-bed and five-bed family units.

The properties will be heated using the latest energy-efficient heating systems, and each house will have an EV charging point and be built to the highest energy efficiency rating.

Parik Chandra, Partner and Head of Specialist Lending, Downing LLP said: “Downing is focused on supporting the needs of SME developers and helping them to complete deals wherever possible.

The latest example of funding support from Downing LLP reflects the team’s continued commitment to helping smaller-scale developers access the finance they need to deliver a diverse range of housing and property developments.

By providing the financial support to restore and convert under utilised buildings, we believe we are responding directly to the demand for a variety of housing types in the area.”

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Investment manager Downing LLP has expanded its client base with a £12.4 million development loan to renovate an existing farmhouse and convert agricultural buildings.

The deal with a new client based in Whichford near Shipston-on-Stour in Warwickshire will provide high-end residential units.

Following the renovation and conversion, the development will include three-bed, four-bed and five-bed family units.

The properties will be heated using the latest energy-efficient heating systems, and each house will have an EV charging point and be built to the highest energy efficiency rating.

Parik Chandra, Partner and Head of Specialist Lending, Downing LLP said: “Downing is focused on supporting the needs of SME developers and helping them to complete deals wherever possible.

The latest example of funding support from Downing LLP reflects the team’s continued commitment to helping smaller-scale developers access the finance they need to deliver a diverse range of housing and property developments.

By providing the financial support to restore and convert under utilised buildings, we believe we are responding directly to the demand for a variety of housing types in the area.”

‍

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

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Investment manager Downing LLP has expanded its client base with a £12.4 million development loan to renovate an existing farmhouse and convert agricultural buildings.

The deal with a new client based in Whichford near Shipston-on-Stour in Warwickshire will provide high-end residential units.

Following the renovation and conversion, the development will include three-bed, four-bed and five-bed family units.

The properties will be heated using the latest energy-efficient heating systems, and each house will have an EV charging point and be built to the highest energy efficiency rating.

Parik Chandra, Partner and Head of Specialist Lending, Downing LLP said: “Downing is focused on supporting the needs of SME developers and helping them to complete deals wherever possible.

The latest example of funding support from Downing LLP reflects the team’s continued commitment to helping smaller-scale developers access the finance they need to deliver a diverse range of housing and property developments.

By providing the financial support to restore and convert under utilised buildings, we believe we are responding directly to the demand for a variety of housing types in the area.”

‍

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Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

‍

Investment manager Downing LLP has expanded its client base with a £12.4 million development loan to renovate an existing farmhouse and convert agricultural buildings.

The deal with a new client based in Whichford near Shipston-on-Stour in Warwickshire will provide high-end residential units.

Following the renovation and conversion, the development will include three-bed, four-bed and five-bed family units.

The properties will be heated using the latest energy-efficient heating systems, and each house will have an EV charging point and be built to the highest energy efficiency rating.

Parik Chandra, Partner and Head of Specialist Lending, Downing LLP said: “Downing is focused on supporting the needs of SME developers and helping them to complete deals wherever possible.

The latest example of funding support from Downing LLP reflects the team’s continued commitment to helping smaller-scale developers access the finance they need to deliver a diverse range of housing and property developments.

By providing the financial support to restore and convert under utilised buildings, we believe we are responding directly to the demand for a variety of housing types in the area.”

‍

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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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