Month: April 2022

Zenzic Capital is pleased to welcome Katia Pourgalis as Chief Operating Officer in our London headquarters.


Zenzic Capital is pleased to welcome Katia Pourgalis as Chief Operating Officer in our London headquarters.

 

Katia has over 17 years’ financial services experience, spanning real estate, fund management and investment banking. Prior to joining Zenzic, Katia spent 6 years at Alpha Real Capital where she was Director of Operations. Katia also worked in Corporate Finance and Corporate Development at Strategy Capital, Rothschild & Co and Nomura Holdings, having started her career at GE Capital. Katia holds an MBA from London Business School.

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Zenzic Capital announces 75% LTGDV senior development facility


Zenzic Capital is pleased to announce the closing of a 75% LTGDV senior development facility to an experienced Midlands-based property developer for the acquisition and conversion of a Grade II listed asset on York’s Coney Street on the 1st of April 2022.

The planned Practical Completion date is March 2023, and the project will generate 8 holiday-let units with a GDV of £2.1 million.

Special recognition goes to:

  • Saam Lowni of Merryoaks for introducing and advising on the deal;
  • Jordan Alexander and Bob Branscombe from the Zenzic Capital team; and
  • Our legal representatives at Freeths LLP

“This is an excellent deal to add to our growing senior whole loan development finance book. The holiday-let market offers enormous prospects for developers and investors, particularly in areas like York’s city centre. We are excited to collaborate with the sponsor, who is a highly motivated developer with a proven track record of success.”
Investment Director at Zenzic, Theo Theodosiadis
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