Topland, the international investment group, has completed its first two financing deals in the UK with Wolsey Securities, a specialist in residential development finance.
Topland, the international investment group, has completed its first two financing deals in the UK with Wolsey Securities, a specialist in residential development finance.
The transactions are part of Topland's strategy of investing more than £150 mln (EUR 172 mln) in the UK residential housing market, primarily in the south east of England and commuting belt to London.
By teaming up with Wolsey to draw on their residential and operational expertise, Topland will make funds available to inject into the market, ranging from senior debt through to mezzanine funding or a combination of both.
The first two deals are both in the South of England, financing Wolsey’s client, Monro Homes, a Kent based developer, on two developments in the Maidstone area. The total funding comes to just under £2 mln.
