None of the information provided is investment or tax advice. You should always read the associated risks before deciding whether to invest. These can be found on the product pages as well as in our risks overview. Please confirm you have read the information above.
Downing backs Epsom horse training yard redevelopment with funding of £12.9 million
No items found.
Downing
What’s a Rich Text element?
The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.
Static and dynamic content editing
A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!
asdasd
How to customize formatting for each rich text
Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.
Responsible investment manager Downing LLP is backing a horse training yard redevelopment and residential property development in a £12.9 million deal.
The scheme in Epsom, Surrey, will include the building of 12 one-bed and 30 two-bed flats as well as the redevelopment of a successful horse training yard at the site.
The redevelopment with a new client will include a new state-of-the-art racehorse training establishment plus accommodation for trainers and staff.
Downing’s Property Finance team’s latest deal builds on recent strong growth that has been achieved despite challenging market conditions. It focuses on deploying investors’ funds as secured loans to property developers delivering residential-led schemes nationwide, as well as non-speculative commercial developments, and specialist sub-sectors such as student accommodation.
The team believes its investors can benefit from debt investment secured against property development projects by targeting attractive yield through a “safety-first” lens, focusing on relationship-based sourcing, and working with experienced counterparties.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said: “We continue to see a growing number of attractive opportunities to provide funding to property developers despite the very tough macro conditions and a competitive market. The Epsom deal exemplifies our commitment to supporting SME developers and providing flexible and innovative financing.
“The development also provides additional benefits for the community. By updating the racehorse training facility, Epsom’s local economy will receive a boost, an important aspect for an area that holds significant horseracing heritage.”
