Zenzic Capital is delighted to announce that Away Cheltenham Ltd, a self-storage developer/owner/operator, trading under the StoreAway brand, has secured an undisclosed amount of growth capital from Zenzic Capital, in conjunction with Nash Business Capital.
Established by a team of self-storage management and property experts, StoreAway offers flexible storage space in city centres and urban settings by repurposing unoccupied retail and leisure outlets. To date, the funding partners have supported the acquisition of long-leasehold sites in Cheltenham and Basildon, a freehold property in Bath, and leaseholds in Liverpool and Birmingham.
The StoreAway concept embraces technology, offering advanced control systems that allow users to access self-storage solutions 24 hours a day, seven days a week via a smartphone app with the option of sharing entry with friends and family through a tailored approach. Supporting the launch and operations of each site is leading independent storage consultancy Engage, who has built a respected reputation amongst the storage community over the past decade.
Special recognition goes to our legal representatives at Charles Russell Speechlys LLP. >
“We are delighted to support StoreAway in their growth trajectory. Our special situations strategy continues to deliver to a market that has been suffering from the current macro-conditions, and Zenzic is committed to keep assisting strong platforms and management teams with their expansion plans.”
Zenzic Capital announces £880k senior development facility to experienced developer for redevelopment of end-terrace property in North London.
Zenzic Capital is delighted to announce the completion of an £880k senior development facility to an experienced developer, Luca Garratt, for the redevelopment of an end-terrace house in North London. Completion took place on the 9th of December 2022. The scheme will provide 3 apartments which will deliver a GDV of £1.36m.
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:
Saam Lowni at Merryoaks for introducing the deal;
Konstantinos Polykarpou and Bob Branscombe of Zenzic;
Our legal representatives at TLT LLP;
Julienne Coffey at Bishop & Sewell 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.
“We are delighted to commence our collaboration with the developer. Our stretch senior product strategy continues to deliver to a market that has been suffering from the current macro-conditions, and Zenzic is committed to keep assisting developers with their growth plans.”
Zenzic Capital’s Investment Director, Theo Theodosiadis