Investec provides £53m residential financing to support LRC Group acquisitions

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Investec Bank plc (“Investec”), a leading international financial services provider, today announces that its Real Estate team has provided £53 million of residential investment financing to LRC Group across a series of transactions.

The financing supports the acquisition of three residential assets located in Hounslow, Surrey Quays and Bedford.

LRC Group is a private real estate investment and fund management firm specialising in value-add residential investments, supported by experienced in-house asset and property management teams.

Across the UK and Ireland, the group operates approximately 6,800 apartments through three residential funds backed by institutional capital.

The portfolio comprises 293 residential units and forms part of LRC Group’s continued expansion across the UK residential sector, focused on value-add and income-producing multifamily assets in strong rental locations.

The transaction builds on an established relationship between Investec and LRC Group, with the financing structured to provide execution certainty and flexibility across multiple acquisitions.

Sebastian Walley, Investec Real Estate, said: 

“Building on a structure that has worked well across the relationship, Investec was able to shorten timelines and deliver the execution certainty required to support these acquisitions.

The focus throughout has been on aligning the financing with LRC Group’s investment strategy, while enabling efficient deployment of capital as the portfolio continues to expand.”

Chris Dimitriadis, CEO, LRC Group, said: 

“Investec has consistently demonstrated a strong understanding of LRC Group’s investment approach and the practical realities of executing residential transactions.

Investec’s ability to move quickly, reuse proven structures and maintain a collaborative partnership approach has made Investec a valued financing partner.

The support provided across multiple transactions has helped LRC to execute its strategy with confidence, and the group looks forward to continuing to build on the partnership as the residential portfolio grows.”

This transaction builds on Investec Real Estate’s strong track record in the UK residential sector.

Investec continues to have appetite to support both development-led and stabilised income-producing residential assets, partnering with experienced sponsors and investment managers through tailored financing solutions.

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