Bristol-based property developer Deeley Freed is to receive £8.5m of medium-term finance to fast-track its existing pipeline of development projects.
The investment comes from a new partnership with Development Securities, the major London-based property investment and development group.
Development Securities said it is anticipated that Deeley Freed will secure an exit from these pipeline projects in the next three years, with gains set to be realised from the end of this year.
Deeley Freed has a 20-year track record of office, retail, leisure and mixed-use developments across the South West including a number of landmark schemes in Bristol.
Its current pipeline includes two residential-led developments and one leisure scheme in Bath, a major urban extension project in Bristol, a foodstore-anchored retail scheme in Aberystwyth and a residential scheme in Hereford.
Planning consent has already been achieved on a number of these projects with strong prospects for further planning gains and pre-lets to be secured in the near-term.
Development Securities director Matthew Weiner said: “Deeley Freed is an experienced developer with a strong pipeline of schemes and good visibility on delivery over the next three years. Our partnership presents the opportunity to enhance our presence in the South West via an established partner.”
