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
Green light for £260 million build-to-rent neighbourhood in Hove
Green light for Moda Living and Apache Capital’s landmark £260 million build-to-rent neighbourhood in Hove
Read more
Apache to partner with Investra Development
Apache, in a joint venture with Investra, acquires 210 bed premium student accommodation development in Kingston Upon Thames.
Read more
RESICast with Property Week: Institutional Investment in BTR
Richard Jackson, Managing Director, in conversation with Jess Tomlinson, Head of Real Estate, London at Barclays, and Allen Chilten, Head of Funds, Capital Markets at Patrizia AG.
Read more