NIBC helps providing financing for 3,000 Build to Rent homes in Greater London
NIBC expanded its Dutch commercial real estate with a focus on , with a focus on the operational living sector business to the UK
NIBC provided financing to EQT Exeter and Sigma Joint Venture to realise their ambition of creating 3,000 new build to rent homes in Greater London. This financing was provided together with AIB, NatWest and Bank Leumi. The build to rent homes will be professionally managed by Sigma’s Simple Life platform and are located close to vibrant communities, transport hubs. With this financing we make a significant step towards meeting the growing demand residential accommodation in the Greater London area.
Expending Commercial Real Estate Business to the UK
NIBC recently expanded its Dutch commercial real estate business to the UK, to offer construction financing for Purpose Built Student Accommodation (PBSA), Co-living projects and Build to Rent (BTR) housing.
Jan Willem van Roggen, Head of Infrastructure & CRE at NIBC Bank: “We are very pleased to be able to make a positive impact on the growing demand for this type of residential accommodations by providing financing. With the recent expansion of NIBCs Dutch commercial real estate business to the UK, we are open for business to finance assets, and to discuss opportunities within the operational living sector.”
Peter Shacalis, Managing Director at EQT Exeter, said: “EQT Exeter is very pleased to have secured further funding which will help us to build affordable rental homes in London. We are delighted with our financing solution, which was designed to be scalable and help us to achieve our longer-term business plan and strategy.”