Ingenious set to finance more sustainable real estate schemes with new funding

• Ingenious Real Estate is aiming for net-zero developments to account for 25 per cent of its portfolio by December 2022.
• The commitment follows the firm’s recent backing of the UK’s first low-carbon urban neighbourhood, The Climate Innovation District in Leeds.
• A £35m revolving credit loan facility from Shawbrook Bank will enable the investment manager to continue its growth.

Ingenious Real Estate is now focused on supporting more sustainable commercial and residential property schemes in the UK following the latest funding commitment from Shawbrook.

The London-based investment manager, part of the Ingenious Group, is aiming for net-zero developments to account for 25 per cent of its portfolio by December this year and has secured a new £35 million revolving credit facility from Shawbrook Bank to originate sustainable opportunities.

Founded in 2014, Ingenious Real Estate provides debt and equity capital to experienced, mid-market developers in the residential, commercial and mixed-use sectors. To date, its team has provided loans worth £500m and supported the completion of 2,400 units.

The firm recently provided a £19m loan to developer Citu to support the development of the Climate Innovation District (CID) in Leeds city centre – the UK’s first low carbon urban neighbourhood. More than 800 homes will be built in four phases using a timber-framed system designed to reduce carbon emissions at each stage of development.

Luke Randell, Associate Director in the speciality finance team at Shawbrook Bank, said:

“We share the same values as Ingenious in supporting ambitious developers to deliver innovative and sustainable schemes. This credit facility will provide Ingenious with the flexibility it needs to serve their clients’ complex funding needs.

“We have a long-standing relationship with Ingenious and look forward to seeing the experienced team support more progressive schemes on the scale of the Leeds CID.”