Author: Seren Capital

Senior Living – The Asset Class for the Future


Speed Read
  • The immediate development opportunities in the senior living sector are clear, with policy initiatives, delivery targets, and an ageing population indicating a prosperous future 
  • Recent estimates forecast an annual increase of c.190,000 of UK residents aged over 65, increasing the relevance of senior living 
  • Retirement Communities offer a great combination of various income streams alongside capital growth opportunities, compared to other traditional asset classes 
  • Senior living appears resilient to the impact of Covid 19 and has not diminished investor appetite, with attractive yields still apparent 
  • Recent research by Knight Frank detailed a £1.40bn investment in the UK for housing with care in 2021 – an increase on the previous year – and a further £1.85bn has been committed for investments in the sector in 2022 

Senior living has been a recurring discussion for a long time and while it may seem as though it is progressing more slowly than it should, the appetite from the investment community combined with the positive market dynamics will inevitably lead to it becoming one of the most critical asset classes globally from a socio-economic standpoint.


Download the full article

 

Read More

Zenzic Capital announces £1m mezzanine development facility to Antler Homes


Zenzic Capital announces £1m mezzanine development facility to Antler Homes PLC for acquisition and development of residential land in West Sussex.  

Zenzic Capital is delighted to announce the completion of a £1m mezzanine development facility to Antler Homes PLC (“Antler”) for the acquisition and development of residential land in Slinfold, West Sussex. Completion took place on the 17th of May 2022. The scheme will provide 24 units (16 private and 8 affordable units,) which will deliver a GDV of £12.5m.

Antler’s Managing Director, Andrew Rinaldi, said: “We continue to value our relationship with Zenzic Capital, whose resourcefulness and solution-driven approach match our business model and future growth plans. Our thanks to Zenzic’s team.”

Special recognition goes to:

  • Toby Burgess of Paragon Bank;
  • Jordan Alexander and Bob Branscombe of Zenzic; and
  • Our legal representatives at Freeths LLP.

 

About Zenzic Capital:
Zenzic Capital is a principal real-estate lender focused on providing innovative financial solutions to high growth real estate groups and developers.  

 


This is our second collaboration with Antler and third with the Senior Lender, fulfilling our long-term strategy of recurring partnerships. Antler is a highly experienced developer with an excellent track record of delivery, and we wish them every success with the project.”

Zenzic Capital’s Investment Director, Theo Theodosiadis

Read More

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.

Read More

Zenzic Capital provides senior bridge facility to Crosslane for PBSA development in Nottingham.


Zenzic Capital (“Zenzic”) is pleased to announce it has provided a senior bridge facility to Crosslane Student Developments UK Limited for the acquisition of a Purpose-Built-Student-Accommodation (“PBSA”) site in Nottingham.

The scheme, due to complete in the summer of 2023, will offer a student accommodation with 210 bedrooms.
Wellbeing and amenity spaces will also be created, including a landscaped courtyard, gym, games lounge and cinema room.

The Crosslane Property Group has a successful track record, having developed over 30 high-quality PBSA assets across 22 UK cities representing 7,128 beds.

 


“We have worked closely with Crosslane to assist with their funding needs and look forward to a successful delivery of the project. Crosslane is a highly experienced developer with a great track record of delivery.”
Investment Director at Zenzic, Theo Theodosiadis
Read More

Zenzic Capital provides mezzanine facility for £12.5m development in Weedon, Northamptonshire


ZSL Capital Limited is delighted to announce the completion of a mezzanine devel­opment facility on the 23rd December 2021 to an experienced developer in Weedon, Northamptonshire.

The scheme, a 47-unit new build residential project in Weedon, will represent a GDV of £12.5m on completion.

Special recognition goes to Matthew Cleave of MPC Estates who introduced the transac­tion, legal representative Gary Richardson at Freeths LLP, and Adrian Reeves of Paragon Bank.

 


“An excellent finish to the year. We worked closely and efficiently with all parties involved to bring this to a swift conclusion. The sponsor is a highly experienced develop­er with a great track record of delivery. We continue to support SME developers in areas that have fallen behind in housing supply.”
Director of Investment and Risk Analysis of ZSL Capital, Theo Theodosiadis
Read More

Zenzic Capital is pleased to announce that it acted as corporate finance advisor to Gemporia Partnership


Zenzic Capital is pleased to announce that it acted as corporate finance advisor to Gemporia Partnership on their recent £25m senior secured facility from Santander.

Zenzic Capital is pleased to announce that it acted as corporate finance advisor to Gemporia Partnership (the “Partnership”) on their recent £25m senior secured facility from Santander. Santander UK has provided the £25m facility on a five-year term loan. The funding will enable the Partnership to satisfy deferred consideration from an historic EOT transfer and to focus on its continued growth trajectory, having gained over 50,000 new customers in the year to March.

The Partnership operates in the jewellery and home craft TV retail sector, sourcing and designing the products it sells through its TV shopping channels and website. Based in Worcestershire, the Partnership operates TV channels throughout the day on Sky, Virgin Media, Freesat and Freeview as well as online.

 


“On behalf of the Partnership, I wanted to say thank you to Zenzic for the great work they put in helping us find a great partner in Santander and putting together a deal that will enable us take the business forward. This has been a significant step for our business and Zenzic, have been integral to making it happen.”
Colin Wagstaffe, Managing Director at the Partnership
Read More