Private Equity Joint Venture
A £50m Joint Venture with a London specialise PE fund.
Deployment of over £50m of equity and debt to acquire student HMOs in 9 UK cities. JV ultimately over funded and achieved acquisition of c.300 houses.
Sourcing, modelling and acquisition of all properties including management of conveyancing process.
Full planning confirmation legitimisation strategy signed off.
Planning and execution of asset management across all properties including over £7m in refurbishment spend and £3m in ESG investment including full Solar PV and battery rollout and insulation and ventilation works.
Set up of full management platform and processes, since transferred to a third party after reaching scale.
Key information
Capital Deployed - £80m in equity and debit inclusive of refurb and ESG works
Refurb Commitment - £7m
All properties refurbished within investment hold period to high-end brand standards
Senior debt achieved on the portfolio
Portfolio stabilised
If you would like to understand more about any of my experience please contact me.