QuadReal and Précis Capital form £1bn partnership
Global investor QuadReal Property Group has formed a £1bn partnership with TowerBrook-backed Précis Capital Partners, which is rebranding as Precede Capital Partners.
The partnership will see QuadReal commit up to £1bn to Precede Capital’s development loans. TowerBrook will retain a significant shareholding.
Since its launch in March 2021, Precede Capital has originated and arranged loans totalling £1.5bn to finance the construction of residential properties in the UK.
Global investor QuadReal Property Group has formed a £1bn partnership with TowerBrook-backed Précis Capital Partners, which is rebranding as Precede Capital Partners.
The partnership will see QuadReal commit up to £1bn to Precede Capital’s development loans. TowerBrook will retain a significant shareholding.
Since its launch in March 2021, Precede Capital has originated and arranged loans totalling £1.5bn to finance the construction of residential properties in the UK.
The partnership with QuadReal will enhance the opportunity to provide whole-loan financing solutions. With the new investment, Precede Capital expects to arrange an additional £3bn of loans through capital structuring via syndication and leverage.
Randeesh Sandhu, chief executive and co-founder of Precede Capital, said: “Our specialist team has built a reputation for successfully structuring large and complex financial solutions, and this partnership with a leading global institution is a strong endorsement of our track record.”
Jay Kwan, managing director and head of Europe at QuadReal, said: “The living sector is one of the key pillars within our global areas of conviction. Partnering with the deep bench of seasoned professionals at Precede Capital in this area, at this time, is a natural extension of both investment priorities and advancing our real estate credit business to the UK from within North America.”
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