Laurus Property Partners advises Invesco Real Estate on financing of BTR assets

Laurus Property Partners advises Invesco Real Estate on the financing of two of its UK Build to Rent assets in Liverpool and Salford.

The Copper House, The Strand Apartments in Liverpool - Laurus Property Partners | Invesco Real Estate | BTR News
The Copper House in Liverpool.

Laurus Property Partners is pleased to announce that it has advised Invesco Real Estate, the global real estate investment manager, on the financing of two of its UK Build to Rent assets in Liverpool and Salford with a £71m investment facility provided by Wells Fargo Bank. The loan provides financing for the two recently completed assets – the 382-unit Copper House in Liverpool and 263-unit Oxbow scheme in Salford.

The Copper House benefits from a prime location in Liverpool with views over both Canning Dock and the River Mersey – and is within walking distance of Liverpool City Centre’s retail district and the main train station at Lime Street. Oxbow is located in Salford, a 10-minute walk from Manchester city centre and forms part of the ongoing regeneration programme taking place in Salford. Both schemes feature a mix of one, two and three bedroom apartments, internal and external communal spaces, private gyms and onsite management provided by Greystar.

“We are delighted to have worked with Invesco Real Estate and Wells Fargo to structure and execute this loan. The Build to Rent sector has demonstrated its resilience over the past eighteen months, which has led to broader and deeper pool of debt capital for Build to Rent deals, particularly as the sector matures and the number of stabilised, income producing schemes increases.”

Andrew Wheldon, Managing Director, Laurus Property Partners
The Copper House, The Strand Apartments, Liverpool -Laurus Property Partners | Invesco Real Estate | BTR News
The Copper House, Liverpool.

Invesco Real Estate is a global leader in the real estate investment management business – with USD 85.8bn in real estate assets under management, 592 employees and 21 regional offices across the US, Europe and Asia.

Invesco Real Estate has been actively investing across the risk-return spectrum, in direct real estate strategies such as core, debt, value-add and opportunistic as well as publicly-listed real estate securities since 1992.

In Europe, Invesco Real Estate has eight offices in London, Munich, Milan, Madrid, Paris, Prague, Luxembourg and Warsaw, and 182 employees. It manages 170 assets across 14 European countries and with assets under management of USD 15.4bn (as at 30 June 2021).