IPCA Group assisted a client who had purchased an industrial estate to develop a housing estate comprising 48 houses. The client, unfortunately, hit a stumbling block with some planning complications, which delayed the development process and increased the costs to the client.
Our team analysed the financials and provided the client with a solution. We raised a total of £3,000,000 in equity to support the client and £10,000,000 in debt to enable the development to begin.
The development is now on track to begin groundworks in the first quarter of 2022.
- Equity Raise: £3,000,000
- Debt Raise: £10,000,000
- Gross Development Value: £20,000,000