Investec has provided £53m in funding to LRC Group to support a trio of residential acquisitions across London and the South East.
The financing covers assets in Hounslow, Surrey Quays and Bedford, delivering a combined 293 homes as LRC continues to scale its UK rental portfolio.
The deal reflects ongoing investor appetite for income-producing multifamily stock in strong rental locations, with LRC focused on value-add opportunities backed by institutional capital.
LRC currently operates around 6,800 apartments across the UK and Ireland and is targeting further growth through similar acquisitions.
CAPITAL DEPLOYMENT
The latest funding builds on an existing relationship between the two firms, with the structure designed to support multiple transactions and allow faster deployment of capital.
Sebastian Walley, Investec Real Estate, says: “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.”
STRONG UNDERSTANDING
Chris Dimitriadis, CEO of LRC Group, adds: “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.”
