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

February 2022

City Concept
Client Ingenious Real Estate
Sector Property
Facility Revolving Credit Facility
Funding Need Growth
Value £35 million
Team Speciality Finance
Region South East
  • 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.

 

Ingenious Real Estate Logo

 

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.

Sustainability sits at the heart of our investment strategy and we want to support those innovative, cutting edge projects that will be vital in pushing the boundaries of sustainable development as we aim for net-zero.

— Howard Sefton, Investment Director at Ingenious Real Estate

Howard Sefton, Investment Director at Ingenious Real Estate added:

“The Leeds Climate Innovation District represents a landmark development project in the UK and this revolving credit facility from the Speciality Finance team at Shawbrook will enable us to support more such schemes, while driving further growth in our real estate development and bridging finance business.”

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.”

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