Socius has built a long standing relationship with Investec. In 2019, Investec Structured Property Finance agreed to provide a £35 million, 3-year loan, to fund the speculative development of Edward Street Quarter in Brighton that is set to transform the city centre.
The Edward Street Quarter project will see the £120 million redevelopment of the former AMEX House in Brighton city centre. As well as 110,000 sq ft of Grade-A workspace for Brighton’s burgeoning creative and media sectors, including a significant coworking element, there will be 40,000 sq ft of leisure space and 168 new homes, a mixture of for sale and Build-to-Rent.
Daniel Carlisle at Investec Structured Property Finance, commented: “Edward Street Quarter is one of the most ambitious regional redevelopments in the UK, and reflects Investec’s growing reputation as a lending partner of choice for transformational placemaking schemes which incorporate the latest trends in how people want to live and work. We are pleased to team up with such an established property developer with a strong track record and the support of a major institutional investor in Patron Capital; we hope this is the start of a long and successful relationship.”