Ingenious completes its two largest real estate deals

The property investment division of investment manager, Ingenious, has completed its two largest deals to date, totalling £40m of loans for a residential and office development.

Ingenious Real Estate has provided a £21m loan to fund the development of residential property at Villiers Point, Kingston and a further £19m to construct office space in London’s Southwark district.  Ingenious has now deployed over £250m in UK residential and commercial loan facilities since its inception in 2014.

The size of these deals represents a significant milestone for our team as we continue to realise our growth ambitions in the UK property market. The location and quality of the projects is outstanding and we are confident that they will contribute to our track record of successfully executing large scale investment projects.

Tom Brown

Head of Ingenious Real Estate

Villiers Point, Kingston: Ingenious Real Estate has provided a loan of £21m to Ensco Homes Limited to assist with the development of 50 properties, including a ground floor pre-let commercial building, 10 affordable housing properties and 39 private units.

We are delighted to have forged a new relationship with Ingenious. Villiers Point continues Ensco’s focus on quality housing in desirable areas and we look forward to working with Ingenious on this exciting project.

Tom Spanner

Ensco Homes Ltd

The deal was introduced by broker John Philips of Kingswood Associates.

Southwark: The team has also provided a loan of £19m to construct 39 flats and 24,000 square-foot of office space in London’s Southwark district.

The scheme includes a large amount of initially unlet commercial space which demonstrates Ingenious’ ability to provide bespoke and flexible financing for high quality and diverse schemes in the UK.