Transactions
Bank Road, Kingswood
Transaction Type
Acquisition, Financial Structuring, Funding & Development of a previously unused site into 19 apartments aimed at first time buyers.
Investment Category
Equity
Key Risks
Construction, Operation, Occupier Market, Investment Market
Coppergate Value Add
- Bring new life into a tired neglected space and reinvent into fresh high-end residential apartments.
- External modifications made to lessen the commercial look of the building, with additional windows and other minor enhancements in line with a more residential design.
- Appointment of main developer and contractor.
- Third party senior finance raise.
- Exit of operating asset to private ownership.
Acquired
August 2020
Status
Development completed and all units sold by April 2022.
The Equity Partner on this deal invested £560,000 and was returned £900,627. This is a profit of £340,627 giving an IRR of 60.8%, or 35% per annum.
