Real estate development lending platform – Precede Capital Partners – announces that industry veteran Nigel Webb joins its Board in the role of Non-Executive Director. He will also sit on Precede Capital’s Credit and ESG Committees.
Nigel is a leading figure in the UK construction industry, and his appointment will further strengthen Precede Capital’s Board expertise. His deep industry knowledge and extensive network of contacts will assist the company’s specialist team as it continues to source, underwrite, structure and manage large-scale loans to finance complex developments in the Build to Rent, residential for sale, later living and PBSA sectors.
“It is a pleasure to be joining the team at Precede Capital at a time of significant growth for the platform. The UK construction market is contending with various headwinds, and our lending continues to play a crucial role in enabling the construction of new residential schemes that meet national demand for housing and bring social value to local communities.
“We aim to leverage our collective team experience to produce highly bespoke financing solutions for our clients, whilst helping them push forward the sustainability agenda. I look forward to supporting the Precede Capital team on loan selection and portfolio management, ensuring effective risk management across the lifecycle of our loans.”Nigel Webb, Non-Executive Director, Precede Capital
Nigel has over three decades of experience in leading large-scale development projects at British Land – one of the UK’s largest property development companies. As Director and Head of Development, Nigel spearheaded several iconic London office developments, and oversaw British Land’s activities throughout the UK and Ireland – across all sectors, including residential, office, retail and logistics.
“Nigel’s reputation and experience precede him, and we are delighted to have him join our Board. At a time of significant opportunity for non-bank lenders to play a vital role in funding and supporting UK real estate, Nigel’s impressive tenure at British Land and experience supporting landmark, ambitious developments in multiple asset classes will be a vital advantage for our team as we continue to scale our business.”Randeesh Sandhu, CEO and Co-founder, Precede Capital
Since launching in March 2021, Precede Capital (then Précis Capital) has built a steady track record, having originated and arranged loans totalling almost £1.7bn. The company recently provided £188m financing for a joint venture to fund Moda Living’s Build to Rent scheme in Birmingham.
Earlier this year, Precede Capital and Nomura also financed Downing Living’s co-living scheme in Manchester, and Precede Capital announced a £1bn partnership with global real estate investor, QuadReal Property Group.