Feanor Capital Partners provide bridge financing for The Latis Group’s Hampshire land ahead of planning approval

London, January 2022: Feanor Capital Partners, a UK-based real estate investor with a European presence, has arranged a £17.9 million bridge loan to refinance The Latis Group's debt ahead of securing planning permission for a strategic residential land site in Hook, within the Shapley Heath area of Hampshire.

The bridge loan, structured in conjunction with Thunder Capital Sàrl, a Luxembourg-regulated securitisation vehicle, has been funded through listed Eurobonds.

The development is supported in principle by the local authority and will now progress through the planning process to secure the necessary consents. The Latis Group, a value-add residential developer and strategic investor focused on affordable and transitional housing, has a strong track record of delivering high-quality homes at scale, with substantial expertise in securing planning consents.

The site presents an opportunity to develop 800 new homes, comprising 480 private residences and 320 affordable houses, addressing a significant shortage of family housing in the region. On securing planning permission, the anticipated uplift in land value would reduce the facility to a conservative 25% loan-to-value, opening multiple viable exit routes.

The site is well connected, with access to the A30 London Road, proximity to the M3, an adjacent train station offering fast services to London and Southampton, and a 30-minute drive to Heathrow.

ENDS.