Category: Articles

Life Science Real Estate


Speed Read
  • Rapid biotech advances, an ageing population, and record investment levels are creating huge demand for life science real estate.  
  • Recent transactions and trends in public markets suggests superior total returns and asset pricing for life science relative to other real estate sub-sectors. 
  • Existing supply is insufficient to meet existing demand even before anticipated growth is factored in. 
  • The life science sector has strong recession-resistant credentials (in terms of occupancy and NOI performance), although conditions in individual markets can vary depending on supply considerations. 
  • An increased allocation to life science property may improve long-term performance and risk-adjusted returns for real estate portfolios. 
  • In our view, given current pricing of completed stock and current supply levels, investors should be able to capture a healthy premium via financing development of new life science real estate. 
  • Additionally, it provides investors the opportunity to contribute to the growth of an industry that will be vitally important to society over the coming decades. 

Two years after the onset of the COVID-19 pandemic, the importance of a high class life science industry is self-evident. Yet the scale of the industry, and the resources required to sustain it, are perhaps still underappreciated. 


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Zenzic Capital is pleased to welcome Steve Swallow as a Partner


Zenzic Capital is pleased to welcome Steve Swallow as Partner.

 

Steve has over thirty years in banking and investment experience in structured credit. Previously, he was a partner at East Lodge Credit and prior to that was Head of European ABS at CQS and Executive Director of Credit at Rabobank International. Zenzic Capital welcome his expertise as the business enters an exciting stage of growth.

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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.


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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

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