Investec has provided South African consortium Monarch Square with a £12.3m loan to fund the acquisition of a 20-home build-to-rent scheme in Clapham Junction, SW11, from Peabody.
The consortium has purchased just under 30% of the block, which is part of Peabody’s St John’s Hill estate regeneration project.
Monarch Square is looking to invest into the UK property market alongside London developer Shandon Property Group.
Matthew Robinson, at Investec Structured Property Finance, said: “Despite the challenging economic backdrop caused by the Covid-19 pandemic, we are continuing to support established domestic and international clients who recognise the strong fundamentals of the UK real estate market and are looking to take advantage of attractive opportunities across a range of asset classes.”
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