Transaction Type
Development
Investment Category
Equity + Mezzanine Loan Facility
Key Risks Considered
Planning, Construction, Investment market
Value Add
- Planning Consent for part-conversion and major upward extension of an existing office building to create 51 residential units
- Development of the scheme
- Forward sale of affordable element plus market sale of remaining units during and post-completion of construction works
Acquired
2018
Status:
Realised
Blacklight developed the scheme, investing equity and mezzanine finance and sourcing third party senior debt, resulting in the completion of the construction of the 51 unit scheme in 2019. The sales programme is complete, with all units now sold.
