Precede Capital Partners, the B Corp certified real estate development lending platform, and QuadReal Property Group have provided a £105.2 million (€123.0 million/$133.3 million) three-year whole-loan facility to a London build-to-rent (BTR) joint venture between BlackRock and Outpost Management.
The loan will be used to fund the acquisition and development of a multifamily BTR building in North Acton, London, from offsite specialist Tide Construction. Tide will act as developer and contractor of the scheme, which will be delivered using its volumetric system, Vision. The development is scheduled for completion in August 2025.
The financing is provided through Precede’s partnership with QuadReal, which acquired a minority shareholding in Precede Capital in October 2022 and has committed up to £1 billion (€1.2 billion/$1.3 billion) to deploy into its development loans.
The scheme will comprise 462 self-contained studio units in a 32-story b
