CLIENT LOGIN
article

Apache & LaSalle agree debt financing for £150m GDV Leeds scheme

Apache Capital Partners has secured a £96m debt facility from LaSalle Investment Management to fund a £150m city centre build-to-rent development as part of their joint venture with Moda Living. 

The four-year development loan from LaSalle will mature in mid-2023 and will fund the construction and stabilisation of New York Square. The deal marks LaSalle's biggest UK BTR development loan to date and is the firm’s the fourth debt financing deal with Apache Capital, bringing the total sum lent across Apache Capital’s different investment platforms to over £250m.

The 515-home scheme, named New York Square, is one of seven that sits in the multifamily housing platform created by Apache Capital with Harrison Street Real Estate and NFU Mutual. Two of the other schemes in the platform, which is the UK’s largest privately funded, are already under construction. Apache Capital and Moda are looking to raise the bar for renting by providing tech-enabled, hotel-style service and a range of on-site amenities New York Square will include a 24-hour concierge, flexible working spaces, communal lounges and health and wellbeing facilities.
Contact us to find out more
other news articles
Apache disposes of Maria Mallaband Care Home Portfolio to specialist institutional investors for £28m
Apache has sold a prime freehold portfolio of three care homes in South East England locations for £28 million.
Read more
Apache sell student asset for over £160m
Apache Capital Partners sell prime London PBSA asset to Greystar, Allianz and PSP Investments for over £160m
Read more
Apache sells Paris Gardens for £61m
All performance targets exceeded as Paris Gardens is disposed to LetterOne. Plus news of Apache's acquisition of McLaren's share of Paul Street East.
Read more